---
title: Tokenomics
url: "https://www.unknowngravity.com/en/glosario/tokenomics"
site: Unknown Gravity
published: "2026-09-21T11:55:13+00:00"
modified: "2026-09-21T11:55:14+00:00"
language: en-US
description: "Tokenomics is the economics of a token: how many exist, how they are distributed, what they are for and what incentives they create."
section: "Home > Tokenomics"
---

# Tokenomics

GLOSSARY · BLOCKCHAIN & WEB3

What tokenomics is: supply, distribution, utility and incentives of a token, and how to tell a serious economic design from a decorative one.

WHAT IS IT? · FOR DUMMIES

**Tokenomics** is the economics of a token: how many exist, how they are distributed, what they are for and what incentives they create. It is the difference between a token that sustains a project and one that only exists to be sold — and it is decided at design time, not in marketing.

WHAT IS IT? · PRO

A tokenomics analysis covers supply (fixed or inflationary, issuance, burns), distribution (team, investors, community, treasury and their [vesting](/en/glosario/vesting) schedules), real utility (access, governance, collateral, payment) and incentives: who wins by doing what, and what happens when everyone acts at once in their own interest.

Two warnings from our practice in [web3 consulting](/en/articulos/blockchain-web3-consulting): if the token's whole utility is "it will go up", there is no tokenomics — there is a raffle; and if the token represents real economic rights, it may be a [security token](/en/glosario/security-token) and change its entire regulatory framework. Economic design and legal design are done together or undone together.

## 01 / Key points

- Supply, distribution, utility and incentives of a token
- Vesting and treasury reveal more than the whitepaper
- Real utility: access, governance, collateral or payment — not just price
- A token with economic rights may be a security token

## 02 / Advantages

- Aligns the incentives of team, investors and users
- Verifiable on-chain transparency of supply and distribution
- A product-design tool, not only a financial one

## 03 / Disadvantages

- Easy to disguise: pretty charts over broken incentives
- Regulatory risk if the utility is really a return
- Hard to correct after issuance

This entry is informative. It is not legal, tax or investment advice. The rules cited change: check the current version on [BOE](https://www.boe.es) and [EUR-Lex](https://eur-lex.europa.eu).