LIKE Tokenomics
Updated April 2024
Tokenomics is the study of how a utility token operates within a platform. The value of digital assets is determined by their supply and demand dynamics; when demand exceeds supply, prices increase.
To sustain the value of the platform's native token, deflationary factors must outweigh inflationary ones. Additionally, the platform must offer value beyond token rewards to users. In essence, platform's revenue-driven token buybacks should exceed the token outflow for user rewards. In addition to implementing a buyback mechanism, there should be additional utilities that confer direct usage of the token within the application. This all is, Only1's vision for LIKE.
Read more about LIKE utilities, or dive into LIKE's tokenomics below:
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