Tokenomics is the lifeline for every crypto project. It consists of several factors including issuance, attributes, distribution, and supply and demand.
This practice impacts the project either positively or negatively depending on the design of the tokenomics and how optimized it is to support the project. Naturally, poor tokenomics will fail the crypto, whereas excellent tokenomics will give the project more of a fighting chance. Ultimately, tokenomics is the main contributing factor to the value of the token and its performance on the market.
Shiba Inu follows a variety of practices to ensure that their tokenomics are always kept to the highest standard and that the value is maintained. Whereas Apecoin focuses mainly on distribution and funding. Similarly DogeMiyagi , like Shiba Inu, focuses on the value creation and distribution portion of tokenomics.
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Tokenomics Through Distribution
Ape Coin is an ERC-20 token meaning that it can be highly convertible to other tokens of the exact nature. The total supply for the coin is set at 1 billion, but it has no intention of increasing or decreasing this afterward. ApeCoin focuses more on the distribution aspect to create value instead of the burn factor.
Its distribution is as follows: 62% is secured in its ecosystem fund, which contributes to BAYC and M(mutant)AYC. Around 16% will go to Yuga labs and charity and will be locked for 12 months, but released for 36 months. A portion will go to the launch contributors as well as 8% toward the BAYC founders.
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With this distribution, the platform will always have a steady influx of liquidity in its ecosystem, as well as enable simple maintenance of its philanthropic initiative, which will drive more investors to the site and help the platform grow.
Unique Tokenomics, Increased Value
Shiba Inu focuses on both distribution and a burn practice to maintain its tokenomics.
It is a highly divisible coin with a total supply of over 1 quadrillion. It has a deflationary system that burns a percentage of tokens after every transaction which aims to decrease the supply of tokens over time and increase the value. Its ecosystem includes ShibaSwap which is the DEX where users can trade safely. Following this is the Shiba Inu incubator used for building artworks and Shiboshis which are 10 000 NFTs that can be collected and traded.
In addition, its distribution factor is split into three main areas; Shiba Inu, Leash, and Bone. Shib is the native token of the site and can be exchanged with any ERC-20 token. Leash was a rebase system tied to dogecoin but has since been shut off, and Bone is the voting token used by the SHIB ARMY which gives them power on the platform.
Altogether, with the ecosystem, the NFTs and DEX create exceptional value because, with the former, users can increase their income and investment whilst also staying engaged with the platform whereas the latter allows the token holders and token trades to increase, therefore increasing the value as well.
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Distribution & Value To Ensure Growth
DogeMiyagi does everything differently. From its concept to the value it creates, it is safe to say that this coin is a trendsetter. Crafted after one of the most famous pieces of pop culture, it prides itself on the unique value that it creates for its users, which begins at its tokenomics.
Its tokenomics consists of 5 burn stages, all linked to Karate Kid Movies, where the number of tokens burned correspond to the dates on which the movies were released in the US. This will ensure that a large number of tokens are burned therefore limiting the supply and should increase its value.
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Furthermore, its distribution goes into every corner of the platform. 60% is distributed for the presale, 24% will be distributed to the exchange, 5% will be distributed to the team and marketing and 6% of the tokens will be distributed to the referral program.
Like Shiba Inu, this ensures that there is enough liquidity to maintain these key aspects of the project, which gives it an ample amount of space to properly grow and flourish on the market.
What Did We Learn?
To ensure positive growth and excellent performance, there needs to be a balance in the tokenomics of the project. It needs to be cleverly distributed to provide proper maintenance of the platform but should also work to increase the value of the project itself. Shiba Inu, ApeCoin, and DogeMiyagi have all developed brilliant tokenomic strategies that benefit their projects.
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For More on DogeMiyagi:
Website: https://dogemiyagi.com
Twitter: https://twitter.com/_Dogemiyagi_
Telegram: https://t.me/dogemiyagi
