# Сопутствующие статьи по теме Tokenomics

Новостной центр HTX предлагает последние статьи и углубленный анализ по "Tokenomics", охватывающие рыночные тренды, новости проектов, развитие технологий и политику регулирования в криптоиндустрии.

Optimism proposes OP token buybacks using superchain revenue

The Optimism Foundation has proposed a governance plan to allocate 50% of Superchain sequencer revenue to monthly OP token buybacks for an initial 12-month period, starting in February if approved in a vote on 22 January. This marks a shift from OP’s role as a governance token toward one with demand tied to aggregate network activity across OP Stack chains like Base and OP Mainnet. The initiative is designed as a pilot to test whether routing sequencer revenue to buybacks can create sustainable alignment between usage and token economics, without targeting short-term price impact. The outcome may influence how other L2s approach value capture in low-fee environments.

ambcrypto01/08 18:10

Optimism proposes OP token buybacks using superchain revenue

ambcrypto01/08 18:10

As SKR launches, Solana tests whether mobile users stick onchain

Solana Mobile is launching its SKR token on January 21, marking a critical test of whether mobile-first user distribution can lead to sustained onchain activity. Following the Seeker Season campaign, which engaged over 100,000 users and generated 9 million transactions, the SKR launch shifts focus from initial user acquisition to long-term retention. The tokenomics emphasize early user participation, with 40% of the 10 billion supply unlocked at launch primarily through airdrops. An inflationary model starting at 10% annually encourages early engagement before tapering. The success of SKR will be measured not by its price, but by its ability to convert mobile users into a durable source of onchain demand for the Solana network, strengthening transaction volume and fee generation.

ambcrypto01/08 16:24

As SKR launches, Solana tests whether mobile users stick onchain

ambcrypto01/08 16:24

GateToken (GT) Destroys 2,163,900 Tokens in Q4 2025, Building a More Robust Token Economic Structure Through Ecosystem Expansion

GateToken (GT) completed its Q4 2025 on-chain token destruction, permanently removing 2,163,900 GT tokens, valued at over $26.92 million. The total number of GT destroyed to date has reached 184,819,426, with a cumulative value exceeding $1.901 billion. As the native utility and gas token of GateChain, GT supports the network’s transfer system and transaction execution. Since the mainnet launch in 2019, GT’s total supply has decreased by approximately 61.61% from its original 300 million tokens due to its ongoing destruction mechanism. With the expansion of Gate’s Layer and Web3 ecosystem—including products like Gate Perp DEX, Gate Fun, Meme Go, and Gate Swap—GT is increasingly integrated as the essential gas token across all on-chain activities. Its usage and consumption continue to grow alongside ecosystem development. Gate remains committed to its deflationary tokenomics, reinforcing GT’s scarcity and value through sustained and compliant destruction. This approach aligns token economics with real on-chain demand and supports long-term ecosystem growth. As part of its All in Web3 strategy, Gate continues to enhance decentralized infrastructure and expand application scenarios, aiming to deliver a secure, efficient, and diverse Web3 experience.

marsbit01/08 10:58

GateToken (GT) Destroys 2,163,900 Tokens in Q4 2025, Building a More Robust Token Economic Structure Through Ecosystem Expansion

marsbit01/08 10:58

6th Man Ventures Founder: How to Find the Most Valuable Crypto Projects?

Founder of 6th Man Ventures discusses the viability of the "dual-token + equity" structure, emphasizing that there is no one-size-fits-all answer. The key is backing an exceptional, long-term-focused team committed to building a founder-led, enduring enterprise, similar to Binance’s Changpeng Zhao. He argues that for application-layer projects requiring sustained leadership, tokens often underperform equity. Many DeFi 1.0 founders have departed, leaving DAOs and part-time contributors in "maintenance mode," struggling with slow and ineffective decision-making. In contrast, equity isn’t always superior—tokens enable unique utilities like fee discounts, staking for airdrops, and access rights, which equity cannot easily replicate. "Ownership tokens" currently face limitations in product integration and legal recognition in the U.S. due to regulatory gaps. However, a hybrid model is proposed: an equity entity operates on a "cost-plus" basis to serve a token-driven protocol, aiming to maximize token and ecosystem value rather than corporate profits. This structure benefits token holders with a well-funded Labs entity for development and a core team heavily incentivized via token holdings. Success hinges on trust in the team’s execution and vision, as token holders lack strong legal protections. Ultimately, team quality, credibility, and execution determine value. Over time, consistent delivery and clear value accrual to tokens—through buybacks, governance, and utility—will allow the best tokens to thrive by 2026, even with equity/Labs entities.

marsbit01/08 08:59

6th Man Ventures Founder: How to Find the Most Valuable Crypto Projects?

marsbit01/08 08:59

IOSG Ventures: A Game with No Winners, How to Break the Deadlock in the Altcoin Market?

The article "IOSG Ventures: A No-Winner Game, How to Break the Dilemma of the Altcoin Market?" analyzes the current crisis in the altcoin market, attributing it to flawed token issuance practices from the 2021-2022 funding bubble. A key issue is the "low float trap," where tokens are launched with minimal circulating supply to artificially maintain high fully diluted valuations (FDV), creating a lose-lose situation for exchanges, token holders, projects, and VCs. The market's responses, including meme coins and MetaDAOs, have failed, leading to rampant speculation or excessive control that alienates talent and exchanges. The author proposes a rebalancing act: Exchanges should shift from arbitrary lockups to KPI-based vesting. Holders should demand transparency and control over major decisions, not micromanagement. Projects should only issue tokens with clear utility and product-market fit. VCs must be more rigorous and stop forcing token launches on every project. The next 12 months are expected to bring a final wave of supply shock from past VC investments. However, the author remains optimistic, believing tokens offer unique mechanisms for growth and community building that equity cannot. The market shows self-correcting signs, with stricter exchange listings and evolving investor protections. The long-term threat is a "lemon market" where only failing projects issue tokens, but this can be avoided if the industry adopts better standards and selective, value-add token launches.

marsbit01/07 03:37

IOSG Ventures: A Game with No Winners, How to Break the Deadlock in the Altcoin Market?

marsbit01/07 03:37

Airdrop Farming Economics: The Hidden Symbiotic Chain of Projects, VCs, and Studios

The article "Airdrop Economics: The Hidden Symbiosis Between Projects, VCs, and Airdrop Hunting Studios" explores the perverse economic incentives in the crypto industry that have led to a symbiotic, yet destructive, relationship between project teams, venture capitalists (VCs), exchanges, and professional airdrop hunting operations (studios). The core driver is identified as the "cold start paradox": Exchanges like Binance and OKX demand high user activity and transaction volume for listing, but new projects lack real users. To meet these demands, projects tacitly collaborate with studios that use automated scripts to generate massive volumes of fake transactions, addresses, and social media engagement, creating an illusion of popularity. VCs further fuel this system. Needing high-valuation exits, they pressure portfolio companies to maximize vanity metrics (active addresses, transactions, TVL) before a Token Generation Event (TGE), often turning a blind eye to the fraudulent data that inflates these numbers. The airdrop, originally a marketing tool to attract real users, has been completely subverted. It now functions as a payment mechanism where projects trade future tokens for the fake data studios provide. The article details the industrial-scale operation of these studios, which use fingerprint browsers, bulk wallet generation, AI-powered KYC bypasses, and task platforms like Galxe and Layer3 as their playbook. This activity creates a negative-sum game: it dilutes rewards for real users, clogs networks with high fees, and makes it impossible to gauge genuine product-market fit. Case studies of Starknet and zkSync show catastrophic user retention rates below 2% and plummeting activity post-airdrop, revealing the fabricated nature of their growth. The consequence is a classic case of "bad money driving out good." The ecosystem is polluted with noise, rewarding projects that optimize for bots over real users and punishing those focused on genuine utility. The author concludes that the industry is trapped in a "Performative Economy" and can only escape by shifting focus from vanity metrics to creating real economic value where using a product is more profitable than farming it.

marsbit01/07 00:38

Airdrop Farming Economics: The Hidden Symbiotic Chain of Projects, VCs, and Studios

marsbit01/07 00:38

Ranger ICO Launches: The Next Money Printer in the Solana Ecosystem?

Ranger, a full-stack trading terminal on Solana, has launched its ICO, which will run until January 10th. The platform features three core products: Ranger Perps (a perps aggregator integrating protocols like Jupiter Perps, Drift, and Flash Trade), Ranger Spot (a spot aggregator routing through Jupiter and DFlow), and Ranger Earn (a yield product offering institutional-grade strategies). The ICO aims to raise a minimum of $6 million, representing 39% of the total RNGR token supply. Funds will be managed by a tokenholder-governed treasury, with the team receiving a fixed $250,000 monthly stipend. Notably, the ICO includes a pre-ICO investor tier with a 24-month linear unlock and a team allocation (30% of supply) that vests based on price performance milestones (2x to 32x ICO price), aligning long-term incentives. The sale introduces a innovative structure: a fixed allocation bucket for points holders, rewarding early users without the sell-pressure of traditional airdrops. Unclaimed allocations from points holders will roll over to the public ICO. The launch is also a significant milestone for MetaDAO, the platform hosting the ICO, as it is the first to include pre-ICO investors. MetaDAO generates revenue through Futarchy AMM fees and Meteora LP positions. Recent approval of the Omnibus proposal will migrate most META liquidity to Futarchy AMM and burn ~60,000 META tokens, enhancing revenue capture. Future growth catalysts include permissionless launches and the Colosseum STAMP program, which connects MetaDAO to a pipeline of high-quality Solana projects.

比推01/06 18:38

Ranger ICO Launches: The Next Money Printer in the Solana Ecosystem?

比推01/06 18:38

‘Waste of resources’? – Jupiter CTO explains why JUP buybacks may end

Jupiter, a Solana-based DeFi super-app, is considering discontinuing its JUP token buyback program. Co-Founder and CTO Siong Ong stated that the $70 million spent on buybacks in the past year had minimal impact on the token’s price, calling it a "waste of resources." He suggested reallocating these funds toward growth incentives for users. The community is divided on the issue. Some propose distributing revenue to stakers to increase yields and potentially boost the token’s value, while others question whether this would hinder product growth. Critics also noted that buybacks have had mixed results across different protocols. Despite Jupiter’s expansion into various DeFi services and cumulative revenue of $369 million, JUP’s price has declined significantly, dropping 88% from its peak. The team has not decided on the future of the buyback program amid ongoing discussions.

ambcrypto01/04 06:05

‘Waste of resources’? – Jupiter CTO explains why JUP buybacks may end

ambcrypto01/04 06:05

Under the Curse of TGE Peaking, Which Tokens Defied the Trend and Rose?

Amid the prevailing trend of tokens peaking at their Token Generation Event (TGE) and declining thereafter in 2025, a few exceptions managed to sustain price increases post-launch. Tokens like ASTER, FOLKS, AVICI, and SENTIS demonstrated resilience, driven by genuine buying support rather than temporary spikes. Key factors contributing to their success include fair token distribution (e.g., AVICI with 0% team allocation, SENTIS with activity-based emissions), reasonable initial valuations that allowed for market re-rating, observable product usage or adoption (such as Aster’s Perp volume and Avici’s real-world spending), transparent and linear unlock schedules, and strategic exchange listings that amplified rather than dictated performance. These tokens highlight a market shift towards valuing structural integrity—healthy circulation, fair launches, and tangible utility—over mere narrative potential, emphasizing survival through sound tokenomics and adoption in an increasingly competitive landscape.

比推12/31 14:42

Under the Curse of TGE Peaking, Which Tokens Defied the Trend and Rose?

比推12/31 14:42

Airdrop of $675 Million Sparks Distribution Controversy, Lighter Faces User Retention Post-Token Launch

Lighter, a zk-rollup-based perpetual DEX, airdropped $675 million worth of LIT tokens to early users on December 30, sparking mixed reactions. While the airdrop was generous—25% of total supply with no lock-up—some users felt rewards were only on par with fees paid. Tokenomics drew criticism, with 50% allocated to the team and investors (3-year linear unlock), raising concerns over community dilution and sell pressure. Founded by ex-Citadel quant Vladimir Novakovski, Lighter raised $68 million at a $1.5 billion valuation, backed by investors like Founders Fund and Robinhood. Its tech stack features a high-performance CLOB model with custom ZK circuits, enabling 15,000+ TPS, sub-10ms latency, and verifiable trustlessness. Key innovations include zero trading fees for retail users, universal cross-margin support using L1 yield-bearing assets as collateral, and isolated risk pools. However, Lighter faces challenges: an unusually high OI/volume ratio (~0.2) suggests wash trading, and system outages have raised stability concerns. Post-airdrop, retaining organic users and sustaining revenue—currently ~$200k daily—will be critical as it competes in the crowded Perp DEX space.

marsbit12/31 10:11

Airdrop of $675 Million Sparks Distribution Controversy, Lighter Faces User Retention Post-Token Launch