Tokenomics (token + economics) describes the full economic and incentive design of a digital-asset ecosystem—covering supply and demand, behavioral and governance incentives, community reward mechanisms, and utility design. As outlined by Sean Au and Thomas Power in Tokenomics: The Crypto Shift of Blockchains, ICOs, and Tokens, tokenomics involves the concept of design and implementation of an economic system to incentivize specific behaviors in a community, using tokens to create a self-sustaining economy. It includes game theory, mechanism design, and incentives governing crypto assets. It also encompasses the entire process of token issuance, token sales, vesting, and investment.