“Token economy” is a qualificative that used to only belong to one scientific field, which is psychology, but has found a new meaning with the advent of blockchain. In DeFi, the token economy is an area of researching, developing, and implementing full-fledged economic systems. Of course, the studies are based on digital assets or currencies.
However, the token economy on blockchain still has some crucial principles in common with the psychological token economy: those include incentivizing positive growth and nurturing desired behavior — only smart-contract-wise.
Our new article, “Why the token economy is the future of digital business,” will tell more about the notion of token economy, what you need to know about it, and how it can enhance your business.
