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‘Deflation’ is a dumb way to approach tokenomics… and other sacred cows
Having taught and studied token economics at the University of Nicosia, I’ve found that students often have some decidedly muddled beliefs about how what tokens are and how business and token economies work.
Unlike microeconomics and macroeconomics — which are based on decades of research, debate and inquiry that have produced some commonly accepted principles — tokenomics is a much newer field of study full of people without economics experience.
There are many self-professed “experts” who provide advice that sounds fine and is often even sensible in theory but that fails in practice.
When designing a token economy, what you really want to focus on is:
Is the economic strategy repeatable?Is there some way of diagnosing when and how to deploy the strategy for your token and the estimated value of doing so?Is there research that validates the strategy so you can talk about it more credibly?Deflationary tokens
Take, for instance, the idea held dear by many that deflationary tokens have an absolute advantage. “Deflationary” means an ever decreasing supply of tokens, which in theory increases the purchasing power and value of each remaining token. “Inflationary” means the opposite: an ever increasing supply which, in theory, reduces the value of each token.
Breaking: DCG owes creditors over $3B, considering $500M VC portfolio sale
Crypto broker Genesis allegedly owes $900 million to clients of cryptocurrency exchange Gemini alone.
Jack Ma surrenders control of fintech giant Ant Group
After founding Ant Group in 2014, Chinese billionaire Jack Ma is now ceding control of the company as part of Ant’s corporate structure changes.
3 reasons why Avalanche (AVAX) price can double by March 2023
Avalanche (AVAX) has opened 2023 with a bang, rising nearly 55% in the first two weeks. And now, a mix of technical and fundamental indicators hints that the token will keep rallying into March.
AVAX price breakout underway
The AVAX/USD pair appears to have been forming a falling wedge pattern since May 2022 and has now entered the breakout stage of this pattern.
A falling wedge forms when the price trends lower inside a range defined by two converging, descending trendlines. The pattern resolves after the price breaks out of its range to the upside and, as a rule of technical analysis, can rise as high as the distance between its upper and lower trendlines.
AVAX/USD daily price chart featuring falling wedge setup. Source: TradingViewApplying the theory on AVAX's falling wedge pattern brings the token's breakout target at around $34, up approximately 115% from current price levels.
Avalanche's Amazon partnership
AVAX's bullish setup appears as Ava Labs — the developer of the Avalanche network — becomes an official blockchain solution provider to Amazon Web Services (AWS).
3 reasons why Avalanche (AVAX) price can double by March 2023
Avalanche (AVAX) has opened 2023 with a bang, rising nearly 55% in the first two weeks. And now, a mix of technical and fundamental indicators hints that the token will keep rallying into March.
AVAX price breakout underway
The AVAX/USD pair appears to have been forming a falling wedge pattern since May 2022 and has now entered the breakout stage of this pattern.
A falling wedge forms when the price trends lower inside a range defined by two converging, descending trendlines. The pattern resolves as the price breaks out of its range to the upside. As a rule of technical analysis, the price can rise as high as the distance between its upper and lower trendlines.
AVAX/USD daily price chart featuring falling wedge setup. Source: TradingViewApplying the theory on AVAX's falling wedge pattern brings the token's breakout target at around $34, a 115% increase from current price levels.
Avalanche's Amazon partnership
AVAX’s bullish setup appears as Ava Labs — the developer of the Avalanche network — becomes an official blockchain solution provider to Amazon Web Services (AWS).
Illicit crypto transactions reached all-time highs in 2022: Report
The abnormal amount of illicit transactions is caused by the equally record-breaking scale of international sanctions.
Illicit crypto transactions reached all-time highs in 2022: Report
The abnormal amount of illicit transactions is caused by the equally record-breaking scale of international sanctions.
Nexo offices reportedly raided by police in Bulgaria
The investigators have alleged that Nexo is involved in money laundering and violating global financial sanctions against Russia.
13% of BTC supply returns to profit as Bitcoin sees 'massive' accumulation
The significance of Bitcoin's weeks-long trading range is all the more apparent with BTC price at one-month highs, says analysis.
13% of BTC supply returns to profit as Bitcoin sees 'massive' accumulation
Bitcoin (BTC) hodlers are returning to profit as new data hints the BTC price has put in the “foundation” of a macro bottom.
The latest figures from on-chain analytics firm Glassnode shows a large swathe of the BTC supply heading “into the black” as BTC/USD passed $18,000.
Bitcoin establishes "massive" accumulation zone
After gaining nearly 5% in 24 hours, Bitcoin is back on bulls’ radar ahead of a crunch United States inflation data release.
What the impact will be remains uncertain, but on-chain analysis is eyeing a more important phenomenon already playing out on the market.
The latest price uptick has seen a considerable number of bitcoins flip from unrealized loss to unrealized profit — it is now worth more than when it last moved.
Samsung investment arm to launch Bitcoin Futures ETF amid rising crypto interest
Hong Kong investors can now gain exposure to Bitcoin through Samsung's new ETF listing, launching on Jan. 13.
Nigeria revisits its payments landscape amid sluggish eNaira adoption
The Nigerian central bank has outlined key focus areas for its national payments system in a two-year roadmap leading up to 2025.
Scam alert: MetaMask warns crypto users about address poisoning
The scammers will use wallet addresses generated from vanity address generators and match the first and last characters of their victim’s wallet address.
Bitcoin mining ETF tops equity ETF market in new year's performance charts
After a tumultuous year, Bitcoin mining ETFs are back in the leading positions in performance charts for the first month of 2023.
Play-to-earn falling out of favor after 'massive shift in priority' — BGA survey
Gameplay improvements will be the biggest driver of blockchain gaming adoption in 2023, according to a survey from the Blockchain Gaming Alliance.
Play-to-earn falling out of favor after 'massive shift in priority' — BGA survey
Gameplay improvements will be the biggest driver of blockchain gaming adoption in 2023, according to a survey from the Blockchain Gaming Alliance.
Nifty News: 'Degen' season returns with feet NFTs, disappointing Game of Thrones NFTs and more
'Degen' season smells like pixelated feet
Feetpix.wtf’s newly launched nonfungible token (NFT) collection, “Feetpix” has seemingly taken the NFT community by storm with surging trading volumes, prompting some to suggest the return of “degen” season.
Feetpix.wtf’s collection soared ahead of the likes of Bored Ape Yacht Club (BAYC) on Jan. 11 with the fifth-highest trading volume recorded on NFT marketplace OpenSea.
Feetpix NFTs come in different skin tones, nail colors, shoes and backgrounds. Image: OpenSea.The project — which released 10,000 Feetpix NFTs — has traded over 825 Ether (ETH)($1,157,000) across nearly 18,000 transactions since its release on Jan. 8.
Crypto Twitter is still split on what inspired the surge in foot fetish-NFT trading volumes, though Feetpix noted the absence of a roadmap, promise and marketing scheme suggested a “love for feet” is not just legitimate but also clearly monetizable through the use of digital art.
Several Twitter users highlighted the absurd, short-term success of the project, suggesting a return of “degen szn” (season) which entailed a mass trading volume of high-risk NFT collectibles at the peak of the bull market in 2021.
Nifty News: 'Degen' season returns with feet NFTs, disappointing Game of Thrones NFTs and more
Foot fetishists and crypto degens have taken interest in an NFT collection boasting 10,000 unique pixelated trotters with over $1 million in trading volume.