Web3 Economics e1: Wakaru team asks about launching a crypto token for a startup

I met with Mert, Parth, Apoorav and Miki to answer their token economics questions. We mainly discussed things related to launching a token for a new startup. Specifically, the Wakaru team asked these questions:

What are the next steps after launching a token (ICO, liquidity pool in a DEX, etc.)?

What is the algorithm that defines the Crypto Currency Worth in DeFi pools?

What should be the token allocation?

Is it good practice to add mint and burn to ERC20 tokens?

If you'd like to join another live session to discuss token economics of your project or web3 economics in general, let me know in the comments or contact me directly.