CoinFund Partner: Crypto Industry Still Hasn't Solved the Tokenomics Puzzle

Odaily reported that CoinFund Managing Partner David Pakman stated that the crypto industry has yet to solve the biggest challenge in tokenomics: creating a native token whose value is tightly linked to the long-term success of the underlying network. Pakman believes that many crypto tokens still trade primarily based on network narratives rather than economic performance, leaving contributors uncertain between short-term compensation and long-term token exposure. He suggests that projects pay contributors in stablecoins to attract talent who are unwilling to bet on the long-term value of the native token. Citing his own experience mining Ethereum as an example, Pakman said he benefited from holding ETH, but most projects fail to generate similar long-term returns.