Token Economics Tokenomics — the study of token supply dynamics, distribution, and value accrual — is one of the most important factors in crypto asset analysis. Supply changes directly affect price: new tokens entering circulation create selling pressure, while burns and locks reduce it. Understanding these dynamics lets you estimate dilution risk, identify overvalued or undervalued tokens, and anticipate price-moving unlock events. Why Tokenomics Matters Price is a function of demand and supply. In crypto, supply is programmable and constantly changing: - A token inflating at 50%/year needs…