In this episode, I talk with Tony Drummond, tokenomics connoisseur extraordinaire.

Tony dives deep into the world of Web 3, sharing his expert insights on the vital role of tokenomics in driving project success. We explore the importance of intentional token design, from managing valuation and liquidity to avoiding common pitfalls. Tony also emphasizes the need for sustainable growth, strong community building, and effective communication, offering invaluable advice for anyone looking to navigate the complex landscape of crypto projects.

Takeaways


Tokenomics is a crucial aspect of Web 3 projects and can greatly impact their success or failure
Founders need to design tokenomics with intention, considering factors such as valuation, reward systems, liquidity, and inflation
Projects should aim for a low fully diluted valuation to create opportunities for growth and avoid excessive inflation
Token distribution should be linked to value creation and incentivize users to contribute to the project's ecosystem
Market-making alone cannot solve tokenomics flaws, and founders should address token design early on to avoid irreversible mistakes. Start at a low market cap and grow organically for better ROI
Consider the influence of VCs on tokenomics and the need for a sustainable business model
Focus on valuation rather than price when evaluating projects
Understand the impact of circulating supply and fully diluted valuation on token inflation
Build a strong community and prioritize effective communication in marketing efforts


Chapters

00:00 Introduction and Background
03:15 Getting into Tokenomics and Community Building
06:03 The Growing Savviness of the Community
11:18 The Quest for Perfect Tokenomics
16:54 The Impact of Tokenomics on Project Valuation and Growth
19:49 The Limitations of Market Making in Tokenomics
25:45 Starting at a Low Market Cap for Better ROI
28:19 The Influence of VCs on Tokenomics and the Need for a Sustainable Business Model
30:05 Valuation vs. Price: Understanding the Difference
33:16 The Impact of Circulating Supply and Fully Diluted Valuation on Token Inflation
36:40 Building a Strong Community and Prioritizing Effective Communication in Marketing

LINKS
- https://www.linkedin.com/in/tonydrummond/
- https://tokensimulations.com/

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