After 100+ investments and probably 500-1000 founders pitching me, I can say this with confidence:

Tokenomics rarely tell you anything meaningful about the project.

But they tell you a lot about the founder.

• High FDV → ego & greed issues
• Dual equity/token structures → sees crypto as a cash grab
• Over-engineered vesting → low confidence in the product
• Massive airdrops → no real GTM, hype over longevity
• Over-engineered tokenomics → no product

I could go on with this list forever, but you get the point.

Well-designed tokenomics are nice to have, but almost never the reason a project succeeds.

A great product people actually want can survive terrible tokenomics.

The best tokenomics in the world will never save a useless product.

Unfortunately most founders confuse the two.