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Token Lifecycle Management

Definition

Token lifecycle management encompasses all stages of a digital token’s existence, from creation to destruction or burning. This includes the initial issuance, distribution mechanisms, various utility phases, potential upgrades, and eventual retirement or deflationary events. Effective management ensures the token’s economic model remains viable, its utility is maintained, and its supply is controlled according to the project’s design. It is a critical aspect for the long-term health and value proposition of any digital asset.