Tokenomics, also known as token economics, is an emerging field concerned with the economic properties of agent-driven systems that use cryptographic tokens that are typically created and managed on blockchain-based distributed ledgers. Key areas of interest include determining the value properties of the tokens themselves, and how the properties of tokens (together with other cryptographically secured rules and associated system actions) affect broader economic characteristics of the system including: How they provision and distribute scarce resources How that system interacts with other external economic processes How economic agents behave The economic efficiency of all these processes The field often has a strong applied focus, concerning itself with how to use its insights and principles to engineer economic systems to possess specific, desired properties.