Does anyone really believe in "token economics"? (Down)

All current projects can be roughly divided into two categories. One is public chain-level projects. The token of the public chain is the pass, which is used to pay/obtain gas. These tokens are somewhat currency-like rather than securitized shares.

Their value is the value of the public chain itself. For example, if each public chain is a country, then the public chain token is the legal currency of this country.

The development status of a country determines the "external exchange rate" of your token. Only with such tokens can we barely talk about the so-called "economics", that is, "monetary economics".

Another category of items is agreements. That is, various DAPP or protocol projects built on the public chain. The tokens of these projects have no monetary power. Therefore, these tokens either empower governance or use token economics to confuse the public.