New Tokenomics? Is that even allowed?!

I always assumed that tokenomics are set in stone. I clearly was wrong on that.

My first time seeing they can and do change tokenomics was with a project called Lukso. It didn't make sense to me how that would be done, but didn't dig much further as I was going to see how things were looking after mainnet was running for a while. All I really know is that it was implemented and here is some detail from an article I found searching lukso tokenomics:

"We know for certain that there are about 15 million coins in the current circulating supply… and another about 18 million were unlocked when Mainnet launched on May 23 2023

We know that originally there were 100 million proposed as a hard cap, but The Genesis Validators that started the network have chosen to launch the Mainnet with only 42 million LYX. LUKSO also implemented EIP-1559 (meaning some part of each transaction fee will get burned) so the supply could (in theory) become deflationary, similar to Ethereum."

So, that is a bit fascinating that the validators chose how to start it up, but I know it was proposed from the founders.

The next that I encountered is with Qanplatform. This team is preparing to reduce token supply nearly 30% ahead of mainnent.

This simply involves a team decision to burn supply from team and project wallets- which is an approach that doesn't depend on validators when starting the network. You can find details by searching Qanx token burn. The announcement says:

" Subsequent calculations and analysis led to the conclusion that this surplus of tokens is not essential for the successful execution of the project, but on the other hand it would result in an unfair voting power at the upcoming mainnet launch which goes against core decentralization principles. "

I do own that one, so I started to wonder if this is out of the ordinary. If you google things like "Changing tokenomics" , "Updated tokenomics", etc you start to come across quite a lot names you'll likely know:

ATOM POLYGON MPL dYdX Sushiswap ...

They all have a variety of reasons for the changes, but it definitely seems to be a common practice to achieve the project goals.

In your experience, have the changes to tokenomics you've encountered been a good move? Tell us why or why not. Cheers