Money has prominent applications in almost every sector and for every individual. You purchase products and services for your daily use with money, while an international corporation uses them for business transactions. Even if money is such an influential element in the life of every individual on this planet, it has been subject to control by central institutions such as banks and governments. However, the arrival of cryptocurrency and tokenomics completely changed the world’s perception of financial systems. 

This is where tokenomics emerged as the suitable alternative for applying monetary policy to blockchain networks. The term definitely sounds new and has recently made profound strides in changing the conventional norms of economics based on cryptocurrency. The following discussion provides a detailed tokenomics guide to help you understand what it is, how it works, and the different use cases it can serve.