A Purposeless Tokenomics is a financial black hole

A Purposeless Tokenomics is a financial black hole that is capable of causing a major disruption to the economy. An insightful use case and a futuristic Tokenomics are the basic requirements to identify a genuine project. A tokenomics without an insightful business use case other than just the circulation of its currency is like a chicken without its head, the project is not sustainable and it's just a hoax.

It's important to ensure that the tokenomics smart contract has its time-locked governance contract and that the token circulation is not manually controlled. Adding a reentrancy contract to the smart contract protects the dApp from hacks.

Supply chain, Micro Payments, Real estate records, vehicle registration, and conversion of digital documents into dynamic NFTs are a few of the verticals where blockchain's contribution as technology can solve multiple problems and there is a wide scope of opportunity for innovative products.