Token

The term tokenomics is an amalgamation of the words token and economics. The idea of the token economy finds its roots back in 1972 as presented by Harvard psychologist B.F. Skinner who believed in the merits of the introduction of a token economic model. The word Tokenomics as we know it today relates specifically to an economy which is based on blockchain technology and subsequently, on cryptocurrencies. While speaking of Blockchain tokenomics we can refer to one of its earliest uses, which can be found in a 2017 article by William Mougayar, Executive Chairman of the Kin Foundation.