{"id":8755,"date":"2023-03-11T00:52:26","date_gmt":"2023-03-11T00:52:26","guid":{"rendered":"https:\/\/www.bitnovo.com\/blog\/?p=8755"},"modified":"2022-05-12T02:03:45","modified_gmt":"2022-05-12T02:03:45","slug":"what-is-tokenomics","status":"publish","type":"post","link":"https:\/\/www.bitnovo.com\/blog\/en\/what-is-tokenomics","title":{"rendered":"What is Tokenomics?"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_82_2 counter-hierarchy ez-toc-counter ez-toc-transparent ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Alternar tabla de contenidos\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #ffffff;color:#ffffff\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #ffffff;color:#ffffff\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 eztoc-toggle-hide-by-default' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/www.bitnovo.com\/blog\/en\/what-is-tokenomics\/#what_is_tokenomics\" >What is tokenomics?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/www.bitnovo.com\/blog\/en\/what-is-tokenomics\/#tokenization_example\" >Tokenization Example<\/a><\/li><\/ul><\/nav><\/div>\n<span class=\"span-reading-time rt-reading-time\" style=\"display: block;\"><span class=\"rt-label rt-prefix\">Tiempo de lectura:<\/span> <span class=\"rt-time\"> 2<\/span> <span class=\"rt-label rt-postfix\">minutos<\/span><\/span><p>Blockchain technology goes one step beyond bitcoin and leads to a new revolution, but to really understand what tokenomics is to understand we first need to understand the meaning of a token.<\/p>\n<p><strong>A\u00a0<a href=\"https:\/\/www.bitnovo.com\/blog\/en\/what-is-a-token\/\">token<\/a>\u00a0is a physical or virtual object that has a certain value but only in a certain context.<\/strong>\u00a0The simplest way to exemplify this is through the casino chips, which by themselves are simple pieces of plastic, but in the context of a casino they represent the value of money while helping to facilitate the dynamics of the games.<\/p>\n<div id=\"image_35052877\" class=\"img has-hover x md-x lg-x y md-y lg-y\">\n<div class=\"img-inner dark\"><img fetchpriority=\"high\" decoding=\"async\" class=\"attachment-large size-large lazyloaded\" src=\"https:\/\/www.bitnovo.com\/blog\/wp-content\/uploads\/2020\/08\/TOKENOMICS_2-02-1024x767.jpg\" sizes=\"(max-width: 1020px) 100vw, 1020px\" srcset=\"https:\/\/www.bitnovo.com\/blog\/wp-content\/uploads\/2020\/08\/TOKENOMICS_2-02-1024x767.jpg 1024w, https:\/\/www.bitnovo.com\/blog\/wp-content\/uploads\/2020\/08\/TOKENOMICS_2-02-300x225.jpg 300w, https:\/\/www.bitnovo.com\/blog\/wp-content\/uploads\/2020\/08\/TOKENOMICS_2-02-768x575.jpg 768w, https:\/\/www.bitnovo.com\/blog\/wp-content\/uploads\/2020\/08\/TOKENOMICS_2-02.jpg 1068w\" alt=\"tokenomics Bitnovo\" width=\"1020\" height=\"764\" data-srcset=\"https:\/\/www.bitnovo.com\/blog\/wp-content\/uploads\/2020\/08\/TOKENOMICS_2-02-1024x767.jpg 1024w, https:\/\/www.bitnovo.com\/blog\/wp-content\/uploads\/2020\/08\/TOKENOMICS_2-02-300x225.jpg 300w, https:\/\/www.bitnovo.com\/blog\/wp-content\/uploads\/2020\/08\/TOKENOMICS_2-02-768x575.jpg 768w, https:\/\/www.bitnovo.com\/blog\/wp-content\/uploads\/2020\/08\/TOKENOMICS_2-02.jpg 1068w\" data-src=\"https:\/\/www.bitnovo.com\/blog\/wp-content\/uploads\/2020\/08\/TOKENOMICS_2-02-1024x767.jpg\" data-sizes=\"(max-width: 1020px) 100vw, 1020px\" \/><\/div>\n<\/div>\n<h2><span class=\"ez-toc-section\" id=\"what_is_tokenomics\"><\/span>What is tokenomics?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Tokenomics or token economy is called the entire economy that can be created through a token. Either to improve its governance, to incentivize usability, offer better liquidity, facilitate exchange or any other benefit.<\/p>\n<p>Tokenomics aim to create an economic ecosystem supported by tokens, which can represent anything both physically and digitally (a book, a house, a car, etc.).<\/p>\n<p>The true value of tokenomics is that they will allow us to transfer any type of value from the real world to the virtual world and also decentralize its control through blockchain technology.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"tokenization_example\"><\/span>Tokenization Example<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>If a company decides to apply tokenomics to its work environment, it could promote that its workers earn tokens if they perform certain tasks (eg, volunteer work, online courses, etc.) and in return they can exchange those tokens for benefits (eg. Office decoration, etc. ).<\/p>\n<p>Although tokenomics are economies that are in a growth phase, in some sectors we can already see various applications. A good example is\u00a0<a href=\"https:\/\/www.bitnovo.com\/blog\/en\/what-is-bat\/\">Basic Attention Token (BAT<\/a>), a token designed to be used within the advertising and digital marketing sector and which has already achieved a market capitalization of USD 374,316,640. If you are interested in this project and would like to invest in it, you can do it through\u00a0<a href=\"https:\/\/www.bitnovo.com\/en\/buy\/bitcoin\/\">Bitnovo<\/a>\u00a0in simple steps and safely.<\/p>\n","protected":false},"excerpt":{"rendered":"<p><span class=\"span-reading-time rt-reading-time\" style=\"display: block;\"><span class=\"rt-label rt-prefix\">Tiempo de lectura:<\/span> <span class=\"rt-time\"> 2<\/span> <span class=\"rt-label rt-postfix\">minutos<\/span><\/span>Blockchain technology goes one step beyond bitcoin and leads to a new revolution, but to really understand what tokenomics is to understand we first need to understand the meaning of a token. A\u00a0token\u00a0is a physical or virtual object that has a certain value but only in a certain context.\u00a0The simplest way to exemplify this is [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":6469,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[185],"tags":[],"class_list":["post-8755","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-blockchain-en"],"_links":{"self":[{"href":"https:\/\/www.bitnovo.com\/blog\/wp-json\/wp\/v2\/posts\/8755","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.bitnovo.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.bitnovo.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.bitnovo.com\/blog\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.bitnovo.com\/blog\/wp-json\/wp\/v2\/comments?post=8755"}],"version-history":[{"count":0,"href":"https:\/\/www.bitnovo.com\/blog\/wp-json\/wp\/v2\/posts\/8755\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.bitnovo.com\/blog\/wp-json\/wp\/v2\/media\/6469"}],"wp:attachment":[{"href":"https:\/\/www.bitnovo.com\/blog\/wp-json\/wp\/v2\/media?parent=8755"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.bitnovo.com\/blog\/wp-json\/wp\/v2\/categories?post=8755"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.bitnovo.com\/blog\/wp-json\/wp\/v2\/tags?post=8755"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}