Tokenomics初學者指南：通過了解令牌經濟學，您可以找到下一個比特幣

香腸。他們很酷，對嗎？熱狗的心臟，非常有價值，您的賺錢，美味，營養豐富 - 這就是在那裡...還是？

Sausages. They are pretty cool, aren’t they? The heart of a hot dog, a great value for your buck, tasty, nutritious—it’s all there…or is it? Despite all these benefits, there is a common urban legend that says people who know how a sausage is actually made solemnly swear to never eat sausage again.

香腸。他們很酷，不是嗎？熱狗的心臟，非常有價值，您的賺錢，美味，營養豐富 - 一切都在那裡……還是？儘管有所有這些好處，但還是有一個普通的城市傳奇人物，說那些知道香腸的人實際上是如何莊嚴地發誓要再也不會吃香腸。

Well, cryptocurrencies and sausages have this one thing in common: you’d benefit greatly from learning how they’re made. To dive into that sort of stuff, we need to uncover something called “Tokenomics”, which really is just a word that describes the foundational economic principles behind a cryptocurrency.

好吧，加密貨幣和香腸有一個共同點：您會從學習它們的製作方式中受益匪淺。要深入研究這種東西，我們需要揭示一個稱為“象徵性”的東西，這確實只是一個描述加密貨幣背後的基本經濟原理的詞。

Learning about the tokenomics of a project may prove the difference between picking up winners and learning in the news how the new altcoin you invested in suddenly collapsed while the founder bought a new house in the Bahamas. Luckily for you, our “Tokenomics Guide for Beginners” will break down everything you need to know—without the messy surprises.

了解一個項目的標記學可能證明，在創始人在巴哈馬購買了新房子時，您投資的新替代品如何突然倒閉了獲獎者和學習新聞中的差異。幸運的是，我們的“初學者的標記指南”將分解您需要知道的一切，而無需凌亂的驚喜。

Plus, by the end of it, we will literally tell you how the sausage is made. So stay tuned!

另外，到最後，我們將告訴您如何製作香腸。所以請繼續關注！

What Is Tokenomics In Crypto?

什麼是加密中的tokenomics？

Tokenomics is the economic system that governs a specific cryptocurrency project. Think of it like this: at the end of the day, crypto is nothing more than a currency. While the U.S. Dollar has a central bank that determines the issuance of the greenback, interest rates, which determine how money circulates in the economy, cryptocurrencies operate—crypto operates kind of in a similar fashion.

象徵學是管理特定加密貨幣項目的經濟體系。這樣就這樣：歸根結底，加密無非是一種貨幣。儘管美元的中央銀行決定了綠色的發行，但利率決定了貨幣在經濟中的流動方式，加密貨幣的運作方式 - 瑞科（Crypto）以類似的方式運作。

While a digital currency will typically not have an external governing body, its decentralized nature allows it to be self-governing via smart contracts. These predefined contracts are able to determine the issuance of new coins, its deflationary model, its transaction fees, and even governance rules without the need for human intervention.

儘管數字貨幣通常不會具有外部管理機構，但其分散的性質使其可以通過智能合約進行自治。這些預定義的合同能夠確定新硬幣的簽發，其通縮模型，其交易費用甚至治理規則，而無需進行人工干預。

So, at the end of the day, while crypto doesn’t have central banks—it mirrors traditional economies through mechanisms like staking rewards, burning events, and preset issuance schedules.

因此，歸根結底，雖然加密貨幣沒有中央銀行，但它通過諸如Straging Rewards，“燃燒事件”和“預設發行計劃”之類的機制反映了傳統經濟體。

Key components of tokenomics include:

令牌學的關鍵組成部分包括：

How Tokenomics Affects Cryptocurrency Value

Tokenomics如何影響加密貨幣值

Fortunately for us, a cryptocurrency’s value isn’t solely determined by hype or speculation. If that were the case, we could be living in a post-modernist meme world where everything is Dogecoin, and non-Shiba Inu dog breeds are made illegal.

對我們來說幸運的是，加密貨幣的價值不僅由炒作或投機決定。如果真是這樣，我們可能生活在後現代主義模因世界中，那裡的一切都是狗狗幣，而非shiba inu狗犬是非法的。

Instead, a cryptocurrency’s value is deeply tied to its tokenomics, the economic framework that governs how tokens are created, distributed, and used. Strong tokenomics can build sustainable ecosystems, incentivizing long-term adoption and a higher potential for long-term growth. Weak tokenomics, on the other hand, can lead to inflationary spirals, sudden market crashes, or outright scams.

取而代之的是，加密貨幣的價值與它的令牌學是深深的，這是管理代幣的創建，分發和使用的經濟框架。強大的象徵學可以建立可持續的生態系統，激勵長期採用，並具有更高的長期增長潛力。另一方面，弱的令牌學會導致通貨膨脹螺旋，突然的市場崩潰或徹底的騙局。

Understanding Token Supply And Demand

了解令牌供求

Token supply and demand are the biggest determining factors of a token’s economy. They may vary from project to project, depending on their utility. Supply refers to the total number of tokens available in circulation, while demand reflects how much people actually want to buy, hold, or use those tokens.

令牌供求是代幣經濟的最大決定因素。他們的項目可能會因實用性而異。供應是指流通中可用的代幣數量，而需求反映了人們實際想要購買，持有或使用這些令牌的數量。

There are generally three types of tokenomics supplies in a project. If you found that difficult to understand, check out this next analogy, where we will once again talk about sausages.

一個項目中通常有三種類型的令牌供應。如果您發現很難理解，請查看下一個類比，我們將再次談論香腸。

1. The Fixed-Supply Hot Dog Spot: Satoshi’s Wieners (Bitcoin)

1。固定供應熱狗點：薩托西的維納（Bitcoin）

Imagine a small hot dog stand named “Satoshi’s Wieners” that sells only 21 hot dogs a day. At first, they’re really cheap. But as word spreads about how great the food is—the influx of new customers allows the owner to really drive up the prices because there are hundreds of people fighting for just 21 hot dogs.

想像一下，一個名為“ Satoshi's Wieners”的小型熱狗攤，每天只售出21只熱狗。起初，它們真的很便宜。但是，隨著關於食物多麼偉大的消息傳播 - 新客戶的湧入允許所有者真正提高價格，因為有數百人僅爭取21只熱狗。

And because this owner built the hot dog stand to only be able to sell 21 hot dogs a day, the demand for each one may increase, but the supply will always remain stable. This is precisely what makes Bitcoin great. It’s a highly in-demand asset with a capped supply of only 21 million coins.

而且，由於該主人建造了熱狗站立，只能每天出售21只熱狗，所以對每隻熱狗的需求可能會增加，但是供應量將始終保持穩定。這正是使比特幣變得很棒的原因。這是一種高度的資產，只有2100萬枚硬幣供應。

2. The Dynamic Sausage Diner (Ethereum)

2。動態香腸餐館（以太坊）

Now, seeing the success of Satoshi’s hot dogs, this new Russian/Canadian guy decides to open up a new hot dog stand. But instead of keeping the 21 hot dogs a day cap, he decides to constantly adjust the number of hot dogs a day depending on the number of people coming to eat.

現在，看到薩托西熱狗的成功，這個新的俄羅斯/加拿大人決定打開一個新的熱狗攤。但是，他沒有每天保持21個熱狗，而是決定每天不斷調整熱狗數量，具體取決於來吃的人數。

At the end of the day, this makes sausages more accessible, but their price fluctuates based on demand. The restaurant balances inflation (making more hot dogs) with utility (people actually eating them).

歸根結底，這使香腸更容易獲得，但是它們的價格根據需求而波動。該餐廳可以平衡通貨膨脹（使更多的熱狗）與公用事業（人們實際在吃它們）。

This is like the Ethereum network, which has variable issuance rates and use cases (staking, transactions, smart contracts) that influence demand.

這就像以太坊網絡，該網絡具有影響需求的可變發行率和用例（積分，交易，智能合約）。

3. The Overstocked Sausage Disaster (An Inflationary Meme Coin)

3。儲存過多的香腸災難（通貨膨脹模因硬幣）

Now, after the success of the last two stands, you decide to open up your own place, the “Hot Meme Stand”. And without giving it too

現在，在最後兩個立場的成功之後，您決定打開自己的位置，即“熱模因架​​”。而且也沒有給它