Who Will Buy Your Token?
Thinking About Demand Side Tokenomics
You’d be surprised at how often the above situation happens. In this piece, we’ll go over how we approach the question of token demand.
Tokens in web3 can be traded in a permissionless manner (unlike their web2 counterparts) between users via protocols such as Uniswap or Open Sea. If something is tradeable it means that it must have a price (i.e. an agreed-upon exchange between the two parties performing the trade) thus tokens are subject to the laws of supply and demand and price is the intercept of supply and demand on a graph.