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Tokenomics (token economics) relates to all the information of the token contract. Understanding the tokenomics is crucial, because the economics and dynamics of each NFT game vary, influencing the tokenomics.
There are multiple currencies involved in NFT games. Besides the in-game currency/token you need to deal with the value of the blockchain token like Wax. In addition, the price of Wax in relation to the dollar can both increase and decrease.
The bottom line, the tokenomics is intertwined with different exchange ratios. This has major implications. Therefore, buying and selling tokens/Wax and dollars must be done at tactical times.