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To create a valuable and lasting token, businesses need to include tokenomics in their strategy. Within this strategy, there should be incentive and distribution models to ensure that the token is successful and generates traffic to create a foundation of active users.
In addition, businesses must incorporate an evaluation process that includes tokenomics to create a truly self-governed decentralized network. This is because tokenomics can not only help make the previously mentioned models a reality but also help to automate data collection and set the price of a token.
To understand the principles that support tokenomics, the challenges you may face incorporating it, and the methods and levers of tokenomics, check out this article.
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