Tokenomics初学者指南：通过了解令牌经济学，您可以找到下一个比特币

香肠。他们很酷，对吗？热狗的心脏，非常有价值，您的赚钱，美味，营养丰富 - 这就是在那里...还是？

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.

香肠。他们很酷，不是吗？热狗的心脏，非常有价值，您的赚钱，美味，营养丰富 - 一切都在那里……还是？尽管有所有这些好处，但还是有一个普通的城市传奇人物，说那些知道香肠的人实际上是如何庄严地发誓要再也不会吃香肠。

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，加密货币和香肠有一个共同点：您会从学习它们的制作方式中受益匪浅。要深入研究这种东西，我们需要揭示一个称为“象征性”的东西，这确实只是一个描述加密货币背后的基本经济原理的词。

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.

了解一个项目的标记学可能证明，在创始人在巴哈马购买了新房子时，您投资的新替代品如何突然倒闭了获奖者和学习新闻中的差异。幸运的是，我们的“初学者的标记指南”将分解您需要知道的一切，而无需凌乱的惊喜。

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

另外，到最后，我们将告诉您如何制作香肠。所以请继续关注！

What Is Tokenomics In Crypto?

什么是加密中的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.

象征学是管理特定加密货币项目的经济体系。这样就这样：归根结底，加密无非是一种货币。尽管美元的中央银行决定了绿色的发行，但利率决定了货币在经济中的流动方式，加密货币的运作方式 - 瑞科（Crypto）以类似的方式运作。

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.

尽管数字货币通常不会具有外部管理机构，但其分散的性质使其可以通过智能合约进行自治。这些预定义的合同能够确定新硬币的签发，其通缩模型，其交易费用甚至治理规则，而无需进行人工干预。

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，归根结底，虽然加密货币没有中央银行，但它通过诸如Straging Rewards，“燃烧事件”和“预设发行计划”之类的机制反映了传统经济体。

Key components of tokenomics include:

令牌学的关键组成部分包括：

How Tokenomics Affects Cryptocurrency Value

Tokenomics如何影响加密货币值

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.

对我们来说幸运的是，加密货币的价值不仅由炒作或投机决定。如果真是这样，我们可能生活在后现代主义模因世界中，那里的一切都是狗狗币，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，加密货币的价值与它的令牌学是深深的，这是管理代币的创建，分发和使用的经济框架。强大的象征学可以建立可持续的生态系统，激励长期采用，并具有更高的长期增长潜力。另一方面，弱的令牌学会导致通货膨胀螺旋，突然的市场崩溃或彻底的骗局。

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.

令牌供求是代币经济的最大决定因素。他们的项目可能会因实用性而异。供应是指流通中可用的代币数量，而需求反映了人们实际想要购买，持有或使用这些令牌的数量。

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.

一个项目中通常有三种类型的令牌供应。如果您发现很难理解，请查看下一个类比，我们将再次谈论香肠。

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

1。固定供应热狗点：萨托西的维纳（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.

想象一下，一个名为“ Satoshi's Wieners”的小型热狗摊，每天只售出21只热狗。起初，它们真的很便宜。但是，随着关于食物多么伟大的消息传播 - 新客户的涌入允许所有者真正提高价格，因为有数百人仅争取21只热狗。

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，由于该主人建造了热狗站立，只能每天出售21只热狗，所以对每只热狗的需求可能会增加，但是供应量将始终保持稳定。这正是使比特币变得很棒的原因。这是一种高度的资产，只有2100万枚硬币供应。

2. The Dynamic Sausage Diner (Ethereum)

2。动态香肠餐馆（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.

现在，看到萨托西热狗的成功，这个新的俄罗斯/加拿大人决定打开一个新的热狗摊。但是，他没有每天保持21个热狗，而是决定每天不断调整热狗数量，具体取决于来吃的人数。

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).

归根结底，这使香肠更容易获得，但是它们的价格根据需求而波动。该餐厅可以平衡通货膨胀（使更多的热狗）与公用事业（人们实际在吃它们）。

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

这就像以太坊网络，该网络具有影响需求的可变发行率和用例（积分，交易，智能合约）。

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

3。储存过多的香肠灾难（通货膨胀模因硬币）

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

现在，在最后两个立场的成功之后，您决定打开自己的位置，即“热模因架​​”。而且也没有给它