- Introduction
- Top 10 Newsletters you should subscribe to learn Tokenomics
- Top 5 Twitter accounts you should follow to get updates on Tokenomics
- Top 5 YouTube channels you should subscribe for Tokenomics Learning
- Top 7 online course you can enroll to Learn about Tokenomics
- How does other social / digital media aid in learning Tokenomics?
- Whom should you not follow for Tokenomics?
- Can you use ChatGPT to learn Tokenomics? How does it help?
- Is elicit.org helpful in learning tokenomics?
- Where else can we mine information on Tokenomics?
- Key Takeaway
Best resources on Tokenomics You Should Not Miss
- Introduction
- Top 10 Newsletters you should subscribe to learn Tokenomics
- Top 5 Twitter accounts you should follow to get updates on Tokenomics
- Top 5 YouTube channels you should subscribe for Tokenomics Learning
- Top 7 online course you can enroll to Learn about Tokenomics
- How does other social / digital media aid in learning Tokenomics?
- Whom should you not follow for Tokenomics?
- Can you use ChatGPT to learn Tokenomics? How does it help?
- Is elicit.org helpful in learning tokenomics?
- Where else can we mine information on Tokenomics?
- Key Takeaway
Introduction
"To make better decisions in Web3, you need to understand the basics of Tokenomics."
Some of the best things in life are indeed free and it's especially true that some of the excellent educational resources are available to Tokenomist.
The world of tokenomics continues to evolve and it's important to stay informed about the latest developments and trends. With proper resources, getting into tokenomics and improving the skill set can be easier. There is so much content out here on the Internet that sometimes can be overwhelming. Different resources provide different perspectives on a subject, that can be helpful for a learner to gain a broader understanding of the subject.
In this article, I have listed a
variety of resources available on the internet viz., Newsletter, Twitter,
YouTube Channels , Online course for learning, other social and digital
resources that help you learn more about this exciting field.
Top
10 Newsletters you should subscribe to learn Tokenomics
Newsletters
are excellent means to receive good content that you are interested in. It help
you learn the subject with regular updates and information on that topic. These
newsletters are delivered in your email box that contain simple text or
structure composed of images and formatted text. Subscribing to a newsletter on
tokenomics, gives you regular updates on the development in tokenomics, recent
trends that helps you to stay current and informed. They provide links to additional
resources
like a webinar, research paper or a video that help you gain in depth knowledge
on the topic. It also provides opportunities for networking and professional
development with industry experts.
However, finding a good newsletter can be more complex and challenging
than one might think. Therefore, all
newsletters that I will discuss are prepared by people as passionate about
Tokenomics as you.
So without further delay, here are my recommendations.
1. Tokenomics DAO
This
tokenomics focused research platform publishes bimonthly newsletters. Article format as Tokenomics 101
breaks down
the detailed tokenomics of a specific protocol published every other Tuesday.
In addition, all readers can access the podcast from community talks on
Thursday. They uncover the treasure from crucial information that is buried
deep inside scientific papers, simplify and share it with the community.
Link to subscribe : TokenomicsDAO Newsletter
2. Economics Design
This
newsletter talks about the design of economic systems. It could be video game
simulated economy or real business world like frequent flyer point system or
blockchain based token economy.
Link to subscribe : Economics Design Newsletter
3. The Token Economy
This
newsletter is published monthly on LinkedIn and authored by Andy Martin, with
6731 subscribers on Tokenomics and the blockchain. The contents can be
orderly and comprehensively visualised and can be differentiated.
Link to subscribe : The Token Economy Newsletter
4. Messari Unqualified Opinion
This
daily newsletter includes insights from
research on crypto and blockchain space and tokenomics.
Link
to subscribe : Messari Unqualified
Opinions Newsletter
For
those who are interested in insights and updates on the governance of top
crypto projects have a biweekly BreakDAOwn newsletter.
Link to subscribe : Messari Governor BreakDAOwn Newsletter
5. Tokeny Insights
This
is a monthly newsletter that provide you
insightful contents and the key developments in the tokenization industry.
Link to subscribe : Tokeny Insights Newsletter
6. Step Data Insights
This
is the only on-chain data insights newsletters that are being published for the Solana ecosystem with
in-depth
analysis on projects along with their tokenomics.
Link
to subscribe : Step
Data Insights Newsletter
7. CoinMarketCap
This newsletter being published biweekly, gives you updates on the latest trends and news on the tokenomics of different projects, the performance of tokens in the market, and overall blockchain industry developments.
Link to subscribe : CoinMarketCap Newsletter
8. Bankless
This
newsletter contains topics related to tokenomics, including yield farming,
liquidity pools, stablecoins, and Defi space. They assist subscribers in
learning how to free themselves from traditional banks and use crypto instead.
Link
to subscribe : Bankless Newsletter
9. BanklessDAO
DeFi Download monthly newsletter provides updates about the latest project and their Tokenomics tutorials, along with Tools, Tactics and DeFi Security updates.
Link to subscribe : BanklessDAO Newsletter
10. The Defiant
This
newsletter gives insights tokenomics as part of its coverage of
decentralized finance (DeFi) and blockchain-based technology and is published
frequently.
Link
to subscribe : The
Defiant Newsletter
Top
5 Twitter accounts you should follow to get updates on Tokenomics
Twitter, in one sentence, is - "what's happening in the world and what people are talking about”. One of the best ways to learn a new topic is by picking from experts. By following them, you procure a share of their experiences, tools they use, posts, and articles they found insightful, meetups, and conferences in your feed. Here is my list of Tokenomics experts to follow on Twitter - people whose expertise and advice I enjoy and think you will, too. They are not in any particular order. You can be bombarded with so much information and content that is irrelevant to you. That's why I have tried to find influencers to follow to expose us to good content.
1. Lisa JY Tan
She
is the founder and lead economist at Economics Design, a research focused
consultancy for digital ecosystems. In the academic world, she contributes to
research work in various fields like math and economics while having
practitioner exposure with startups and global businesses. She's also one of
the leaders in a United Nations x Stanford University project on regulating
digital currencies. Her tweets are on tokenomics and are helpful for anyone
interested in learning about Tokenomics.
Twitter profile : Lisa JY Tan (@lisajytan) / Twitter
2. Florian Strauf
He
is the founder at Tokenomics DAO. He has written many articles on tokenomics
and published newsletters and his tweets are primarily focused only on
tokenomics. He has created framework for designing tokenomics, calculation
template that will be helpful for the builders to develop tokenomics from
scratch.
Twitter profile : Florian Strauf (@ffstrauf) / Twitter
3. Matty Tokenomics
He
is the tokenomics lead at Status. im and former tokenomics researcher at
Stacks. He has created a tokenomics design canvas to help builders have a
framework for their tokenomics design. His tweets are primarily focused on
tokenomics.
Twitter profile : mattySTX (@mattyTokenomics) / Twitter
4. Eloisa Marchesoni
Eloisa
is a renowned Tokenomics Expert, helping token projects construct their token
issuance to optimize the growth and usage of the network. She is often cited as
a top expert in the mainstream press, such as Forbes, CNN, and Wired. Her tweets are primarily focused on Crypto
and Tokenomics.
Twitter profile : Eloisa Marchesoni (@eloisamarcheson) / Twitter
5. Coinowl
Coinowl
tweets about all the trending and upcoming projects in the crypto space
with detailed tokenomics and vesting schedules. Follow them to get information on
unlocks, tokenomics, ICOs, news and alerts.
Twitter profile : Coinowl (@Coinowl_io) / Twitter
Top 5 YouTube channels you should subscribe for Tokenomics Learning
YouTube is an excellent resource to start learning foundational concepts. Many experts in tokenomics share tutorials on YouTube explaining the basics of tokenomics. In addition, some tutorials provide greater detail on tokenomics models, issuance, and distribution, providing in-depth knowledge. Here are a few YouTube channels I follow to learn about tokenomics.
1. Tokenomics DAO
This
channel is focussed only on Tokenomics. You will learn about basics of
tokenomics, framework walkthrough, legal side of tokenomics and many other
evolving concepts in Tokenomics.
Link to subscribe : Tokenomics DAO
2. Economics Design
This
channel is focussed only on Tokenomics and you will learn about the design of
economics systems, the way to analyse and quantify such economic systems and how
these protocols work.
Link to subscribe : Economics Design
3. Cryptomatics
In this
channel you will learn about Tokenomics along with Crypto topics using
animations, examples and analogies to make learning easier for newbies.
Link to subscribe : Cryptomatics
4. CoinGecko
In this channel you will learn about Tokenomics along with Crypto
topics.
Link to subscribe : CoinGecko
5. Token Design
In this
channel you will learn about the basics of tokenomics along with skills and
tools required for a Tokenomist.
Link to subscribe : TokenDesign
Top 7 online course you can
enroll to Learn about Tokenomics
One of the best ways to commit to learning a new subject is by taking online courses. Though newsletters and tweets are great starting points for exploring a particular topic, online course will provide the time and space you need to explore a topic and truly master a new subject.These courses are made up of on-demand videos and exercises that you can progress through at your own pace. It allows you to get a head-start on the fundamental knowledge on the subject. Below, I have gathered top 7 online courses that you can enroll to learn about tokenomics.
1. Online Course Intro to Tokenomics “Make better
decisions in Web3” by Tokenomics DAO
This is an introductory course on Tokenomics for
beginners to mainly cover:
- Learn basics of tokenomics
- Key metrics of Tokenomics
- Tokenomics Framework
- Valuation Framework
- Modelling & Simulation along with case laws
Though this is paid course free preview of lessons are available.
Click here to take this course : Tokenomics DAO
2. Tokenomics for Web3.0 entrepreneurs and founder by the Tesseract Academy
This is a free course on Tokenomics that gives you an opportunity to introduce you to tokenomics with following topics:
- Introduction to Token Engineering,
- Token valuation,
- Desigining Tokenomics
- Sustainable Tokenomics
Click here to take this course : Tesseract Academy
3. Introduction to Tokenomics for Beginners by BitDegree Instructors
A curated
selection of instructional videos that provide you the fundamental knowledge
about tokenomics with following topics:
- Tokenomics 101
- Using Tokenomics to your advantage
- Practical applications of Tokenomics
Click here to take this course : Bitdegree Instructors
4. Tokenomics 101 by CFTE
This free course will give a good understanding of tokenization and how it is changing the way the industry thinks about financial transactions and it cover the following topics:
- Introduction to Tokenomics 101
- Relationship between Crypto and Fintech
- Startup Business Models and Go-to- Market Strategies
- Upon completion of the course earn a badge , share your course badge in the certification section on LinkedIn and show your achievements to your network
Click here to take this course : CFTE
5. Token Economics – Designing the Blockchain Economy in Udemy
This is a paid course in Udemy and comprises the following topics in Tokenomics:
- Tokenization
- Decentralised organisation and design of incentive structure
- Formation of large blockchain networks
- Service oriented architecture
- Growth and development of token economies
Click here to take this course : Udemy
6. Designing Tokenomics 101 course in Udemy
This is a paid course in Udemy and comprises the following topics in Tokenomics:
- Evaluation tokenomics of web3 projects
- Understand how demand and supply affect a web3 projects tokenomics
- Learn the key building blocks of when and why to use a token in your web3 project
- Complete case studies evaluating tokens and web3 tokenomics
Click here to take this course : Udemy
7. Tokenomics for Founders by esc
This is a 6 week course to take you from zero to one on tokenomics. At
the time of writing this article, the application for enrolment of this course
was open until January 21, 2023. In this course, you will learn:
- How to maximize the value of your token and protocol using demand-side tokenomics
- How to align the incentives of your protocol to prevent economic exploits
- How to give your token a price floor
- How to determine the optimal supply, distribution method, and allocation for your token
- How to communicate these things to your users and investors
Click here to take this course : esc
How does other social / digital media aid in
learning Tokenomics?
Reddit
The platform offers Tokenomics enthusiasts and practitioners a space to connect with like-minded people and share all kinds of Tokenomics resources with each other. Many individual projects and companies have their own subreddit where they discuss the tokenomics of their specific project or token.
Quora
Quora is a great question and answer platform to find answers to specific questions on Tokenomics. The answers to your questions raised are provided by experienced industry professionals.
Community Q&A
Asking questions and falling back on the community is one of the things that you’ll probably do a lot when you are learning Tokenomics. If you’re ever unsure of where you can find the answer to your Tokenomics question you can be sure to find it in sites such as Reddit, Quora, Tokenomics DAO community in Discord, Coinowl group in Telegram.
Blogs
Blogs
can be really extensive, insightful , information and fun to read. They are a good medium to
understand different opinions on a single topic and gain knowledge on something
you didn’t know through others' experience.
Tokenomics learning journey is incomplete without subscription to the articles in “Medium”. They provide a lot of quality articles on the subject and you can deep dive on any topics written by various authors.
Podcasts
Last but not least are the podcasts. These are
great in many ways with audio, video and written content and you will get
introduced to expert interviews. Though
much of this content overlaps with newsletter and opinion resources, they can
be conveniently played while performing other activities such as commuting or
working out.
Whom should you not follow for Tokenomics?
It
is generally not a good idea to blindly follow anyone when it comes to making
financial decisions, including decisions about tokenomics. It's important to be
aware that many individuals and organizations may not have your best interests
in mind and may provide misleading or inaccurate information about tokenomics.
It's generally a good idea to be cautious of anyone who is excessively
promotional or seems to be more interested in making a sale than in providing
accurate and useful information. You should also be cautious of anyone who
claims to have insider knowledge or who makes unrealistic or overly optimistic
predictions. It is also important to be aware of potential scams or fraudulent
activity in the market. Many resources as discussed in above in the article are
available to help you learn about tokenomics and how to make informed
investment decisions.
Can you use ChatGPT to learn Tokenomics? How does it help?
When everyone is obsessed with the latest version of GPT-3.5 also known as ChatGPT, a Mind- Blowing AI Chatbot, it did well in generating responses to the general questions on tokenomics. This shows that it can learn from the available snippets the general rules to create something new. Though it may not create a functional or actual tokenomics model however it may help you with the good knowledge on tokenomics.
You
can also try it for free by simply going to ChatGPT
website and opening an account. Then in the
simple interface you just write what you want the bot to do, such as “ What are
the key metrics in tokenomics?” and below is the response.
On
the downside, since it is a machine-learning model, there is a high possibility
that the information can be outdated or incomplete. In fairness, since web3
industry is constantly changing that makes the problems of ChatGPT relying on
an old dataset much worse. As ChatGPT gets its information from public internet
sources, sometimes the answers it gives can be incorrect. Also, its knowledge
base ends in 2021, so it can’t stay up-to-date easily. Therefore, the
response's accuracy would depend on the specific question you ask vis the
quality of the data model that AI has been trained in.
Is elicit.org helpful in learning tokenomics?
Sometimes
it is difficult to distinguish information that comes from reliable and
credible sources, given the sheer quantum of information available in the
public domain. However, a research paper being the primary source of
information will help you differentiate between what is reliable and what is not. It gives
you an idea of how to explore different other topics that you are unable to
understand from simple lectures or text books and provides deep understanding
on any subject. You will learn how to build up your knowledge about any topic
by exploring, synthesizing and evaluating it. When you have a proper in-depth
analysis of any topic the result comes out to be fruitful and the knowledge is also enhanced. Gone are the days where a journal subscription would be
required to access research papers with an increasing trend in psychological
science of offering open access to journals and papers.
An example of such preprint platforms is Elicit.org. It is an AI research assistant tool for tracking down potentially relevant research. As the field of tokenomics is an emerging one, when not much of the resources are available around, this is a one such great tool to dive deep on a topic in Tokenomics that particularly interests you. It has a repository of research papers on tokenomics and along with the research papers it adds AI written summary that match your question. However, you should choose the right keywords while searching the database. If you do not use right questions, even google can’t give you right answers. The more you read, the more benefits of reading research papers you get and you become better at it.
Yet another
advantage is that every research paper has the email address of the researcher
who published that paper, you can send email to them asking questions or
connect with them on LinkedIn or twitter.
Below is the snippet of the response as generated by the tool on “What is a token network effect?”
Where
else can we mine information on Tokenomics?
Are you still looking to explore more of the resources available on Tokenomics? Then, let's see where else we can mine the information.
1. Books
Books can be a good option for those interested in learning through reading and a self-directed approach. It allows the readers to learn at their own pace and can be easily carried and accessed anywhere. It has a clear structure that helps make the material more engaging and easier to follow, and citations to other sources can be helpful for further exploration. As experts in the field generally write books, it brings credibility to the information presented. Here are some of the good books that you can read to better understand the concept of tokenomics.
a) Token
Economy: How the Web3 invents the internet
This book explains Web3 applications like smart contracts, DAOs, tokens as atomic unit of the Web3 explaining properties and functions of money and outlining the emerging field of decentralized finance (DeFi). It also covers use cases such as asset tokens, purpose driven tokens, BAT (Basic Attention Token), social media tokens (Steemit, Hive and Reddit), privacy tokens, and stable tokens are explored, including the role of CBDCs (Central Bank Digital Currencies) and Facebook's Libra.
b) Economics
and Math of Token Engineering and DeFi
The aim of this book is to dive into the core foundational principles of economics in Web 3.0. The author has explored the evolution to economics, the change in principles and the new environment that economics will exist in.You don’t need to be an economist or technologist to understand the book.
c) Web 3.0 Token Revolution: A Clear Breakdown of the Web 3.0 Token Economy by Chain Chesire
This book is meant for beginners that gives insights on the concepts of token economy , practical use cases and discuss about the need for technological revolution.
d) Blockchains and the Token Economy : Theory and Practice
This book has comprehensive coverage and provide novel insights into blockchains and token economy. Real world case studies from a wide range of industries provide practical examples of blockchain-based tokens for real estate, logistics, insurance, recruitment, collectibles, reservations, metaverses, and more. The cases show how tokens provide an innovative way to create and transfer value without relying on traditional intermediaries. Readers will better understand the business and social benefits of tokenization, but also its challenges.
e) TOKENOMICS
In this book you will learn The History of Tokens, What are Crypto
Tokens, What is Tokenization, Tokenization vs Encryption, What is Tokenomics
and why is it important and much more.
2. Industry conferences and
events
Conferences
are something that learners often forget, but they also contribute for learning
Tokenomics; it’s important that you attend them as a Tokenomics aspirant. This is one of the great ways to learn about tokenomics with other members of
society. Presentations and panel discussions in the forum can provide in-depth
insights and analysis on a wide range of topics related to tokenomics,
including economic and technical aspects of cryptocurrency and blockchain
projects. In addition to formal presentations, conferences also provide networking
opportunities such as networking breaks, receptions, and other social events,
which can be an excellent way to meet and connect with others interested in
tokenomics and related topics.
However, you should research the event organizers, speakers, and sponsors and check if the topics covered interest you. You can also set specific goals for attending the conference. It could be either making new professional connections or learning in-depth on a particular topic. Though learning through a conference can be costly as it includes registration fees, travel, and accommodation, considering the potential benefits, a wise decision could be made.
3. Professional association
Joining a professional association helps the members develop new skills and advance their career through leadership, speaking, and publishing opportunities. Many associations offer educational resources like webinars, workshops, and courses to help members stay current on the latest trends and developments. The association often has newsletters, blogs, and other publications that provide updates on the latest news in the industry.
4. Consultants and advisors
Working with consultants and advisors help you to understand the various risks and challenges associated with tokenomics, as well as potential solutions and best practices for addressing these issues. They can guide how to design a sustainable and successful token economy and help you navigate the complex regulatory landscape surrounding tokens. They provide valuable insights and knowledge on the design and implementation of token economics for a project. They can help you understand the various factors that can impact the success of your token, such as the distribution method, the use cases for the token, and the overall economic model. They help you better understand tokenomics and how to effectively implement it in your project, ultimately leading to tremendous success.
Key Takeaway
Staying
up to date is very important in the highly competitive market and it also helps
you in your career advancement. Being aware of the latest news in Tokenomics
can increase your value within your organisation and equip you with a
professional advantage. Not paying attention to industry trends can quickly
make you out-of-date. Here are the key takeaways:
To stay up to date on recent happenings, follow influencers and experts in the field of Tokenomics in social media, keep pace with what they are talking about and what’s trending on social media. Network with them twitter, discord, LinkedIn and find out what they are doing and what they think. Very importantly you should factor in time to keep up-to-date. You can do this as a routine task until it becomes a habit. I am sure there are a lot of tools out there to help you manage.
To follow the trends use social media monitoring tools to track mentions of specific keywords, hashtags and topics. For instance, use tweet deck for twitter and have a personal search operating system as most of the curation happens in social media.
Given the recent unpleasant incidents, from the regulatory side it is likely that we can expect more regulatory norms around tokenization in near future.
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