Tokenomics Glossary

The number of tokens currently available in the open market and held by the public.

The theoretical market capitalization if all tokens (including locked and unvested) were in circulation at the current price.

The maximum number of tokens that will ever exist for a given cryptocurrency.

The total number of tokens that currently exist, including locked and reserved tokens.

An initial waiting period before any vested tokens begin to unlock.

A large batch of tokens released all at once at the end of a cliff period.

A vesting model where tokens are released in equal amounts at regular intervals over a set period.

The moment when a project's tokens are first created and distributed, typically coinciding with the token's public launch.

The event when previously locked tokens become available for trading or transfer.

A mechanism that gradually releases tokens to holders over a predefined schedule rather than all at once.

A timeline defining when and how many locked tokens will be released into circulation.

A distribution method where tokens are sent for free to wallet addresses, typically to reward early users or promote adoption.

Tokens reserved for community incentives such as airdrops, rewards, grants, and ecosystem growth.

Tokens allocated to early investors who funded the project during seed, private, or public sale rounds.

A fundraising round conducted after the seed stage, selling tokens to select investors at a discount before public availability.

A fundraising event where tokens are offered to the general public, often via an IDO or IEO, at a price close to listing.

The earliest fundraising stage where a project sells tokens at the lowest price to initial backers.

Tokens allocated to a project's founding team and employees, usually subject to long vesting periods.

The distribution plan that defines how a token's total supply is divided among different stakeholder groups.

A pool of tokens held by a project or DAO for funding development, partnerships, and ecosystem growth.

The total market value of a token's circulating supply, calculated as price multiplied by circulating supply.

The effect that token unlocks and supply changes have on a token's market price.

The total value of tokens traded within a specific time period, typically measured over 24 hours.

A decrease in the total or circulating supply of tokens, typically achieved through token burn mechanisms.

The predefined plan for how new tokens are created and distributed over time.

The rate at which new tokens are created and added to the circulating supply over a given period.

Token incentives earned by holders who lock their tokens to support network security or protocol operations.

The permanent removal of tokens from circulation by sending them to an inaccessible wallet address.

The economic design and policies governing a cryptocurrency's supply, distribution, utility, and incentive mechanisms.

A token that grants holders voting rights on protocol decisions, upgrades, and treasury management.

A DeFi mechanism where users earn token rewards for providing liquidity to decentralized exchanges or lending protocols.