To analyze a cryptocurrency project's token economics, start by examining its whitepaper to understand the token’s purpose, supply, and distribution. Assess the total and circulating supply—fixed or inflationary models impact value. Check allocation: how much goes to the team, investors, and community? A fair distribution builds trust. Next, evaluate utility—does the token have a clear role (e.g., governance, staking, payments)? Projects with strong use cases tend to thrive. Investigate demand drivers like staking rewards or burning mechanisms that reduce supply. Analyze the vesting schedule—long lock-ups signal commitment, while quick dumps raise red flags. Finally, research market trends and community sentiment on platforms like X to gauge adoption and hype. Cross-check claims with on-chain data for transparency. A solid token economy balances scarcity, utility, and incentives.