Read Our New Project Report About Bitcoin (BTC) - The World's Largest Cryptocurrency

GameFi Tokenomics - Deep Dive

Binance Research (Stefan Piech, Mac Naggar)


(English) (中文) (Türk) (русский) (español)

  • In this report, we’ll dive into key aspects of the gaming world and think about key elements a crypto-native game should bring. We’ll further think about tokenomics in the context of games in more detail and discuss elements such as inflation and the overall sustainability of tokenomics. In addition to that, we’ll propose a sustainable tokenomics design for crypto games.

  • We see significant benefits to users and developers. Ownership over your assets, the ability to earn rewards while playing, and decentralized governance power are just a few.

  • While still in its early stage, we believe that web3 games will likely do for blockchain technologies what solitaire did for the computer in the 1990s - drive further adoption and education.

  • Looking at the tokenomics element in more detail, we believe that fun and entertainment remain key elements to consider - tokenomics should add to this rather than distract from it. One key issue that P2E games are facing is sustainability since a majority of players are putting too much focus on the ability to earn tokens rather than enjoying the game itself. As such, we see that while there are benefits to a two-token model, it isn’t an underlying necessity for games to be successful. We rather see that truly fun games can design sustainable tokenomics with a single token alone.

  • One of the obvious challenges with creating sustainable web3 games is tokenizing all game assets without sacrificing control of the game’s economy. It is important to keep in mind that just because an in-game asset can be turned into an NFT or fungible token, it doesn’t mean it should be made into one.

Please feel free to share with us any feedback or suggestions you may have via this form

About Binance Research: Binance Research is the research arm of Binance, the world's leading cryptocurrency exchange. The team is committed to delivering objective, independent, and comprehensive analysis and aims to be the thought leader in the crypto space. Our analysts publish insightful thought pieces regularly on topics related but not limited to, the crypto ecosystem, blockchain technologies, and the latest market themes.

General Disclosure: This material is prepared by Binance Research and is not intended to be relied upon as a forecast or investment advice, and is not a recommendation, offer or solicitation to buy or sell any securities, cryptocurrencies or to adopt any investment strategy. The opinions expressed are as of the date shown above and are the opinions of the writer, they may change as subsequent conditions vary. The information and opinions contained in this material are derived from proprietary and non-proprietary sources deemed by Binance Research to be reliable, are not necessarily all-inclusive and are not guaranteed as to accuracy. As such, no warranty of accuracy or reliability is given and no responsibility arising in any other way for errors and omissions (including responsibility to any person by reason of negligence) is accepted by Binance. This material may contain ’forward looking’ information that is not purely historical in nature. Such information may include, among other things, projections and forecasts. There is no guarantee that any forecasts made will come to pass. Reliance upon information in this material is at the sole discretion of the reader. This material is intended for information purposes only and does not constitute investment advice or an offer or solicitation to purchase or sell in any securities, cryptocurrencies or any investment strategy nor shall any securities or cryptocurrency be offered or sold to any person in any jurisdiction in which an offer, solicitation, purchase or sale would be unlawful under the laws of such jurisdiction. Investment involves risks.