Tokenomics is simply the amalgamation of two words: Tokens and Economics. So what is a token? According to Merriam-Webster Dictionary, it is “a piece resembling a coin issued as money by some person or body other than a de jure government. “ In essence it can be anything that represents legal money or anything that is of value. Based on this definition your Octopus Card is a token, your Starbucks Card is a token and a share of a stock is a token since they all represent something of value. Their values are recognized by the central authority and are protected by legal means.
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