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Club Card Holders Challenge #2
A Crypto Witch Club Introduction to Tokenomics
As requested by our incredible community of web3 witches, welcome to our Crypto Witch Club Introduction to Tokenomics — the content sidekick to our second Crypto Witch Club Card challenge. Club Card Holders — don’t forget to go to our ✨Open Challenges ✨community room to take the quiz and claim your sticker after you study up!)
In this piece, we’re demystifying what tokenomics is, how it’s similar and different to fiat currency and traditional economics, and how consensus mechanisms and other factors contribute to each token’s economy. We’ll also break down inflationary tokens versus deflationary tokens, incentive mechanisms, and actionable items to look for when considering a token to invest in.
How it Works:
1. Read through this piece then head over to our Club Card Challenge #2 Quiz in our ✨Open Challenges ✨community room to see how much you’ve learned.
2. At the end of the quiz, you’ll have the opportunity to provide your wallet address for the sticker drop. Make sure you provide the same wallet address that holds your Club Card or your sticker drop will not be received.
3. Club Card holders have 4 weeks to complete the challenge. The 2nd Club Card sticker will drop to your Club Card on March 17th After…
