Book Image

Tokenomics

By : Sean Au, Thomas Power(GBP)
Book Image

Tokenomics

By: Sean Au, Thomas Power(GBP)

Overview of this book

Tokenomics is the economy of this new world. This is a no-holds-barred, in-depth exploration of the way in which we can participate in the blockchain economy. The reader will learn the basics of bitcoin, blockchains, and tokenomics; what the very first ICO was; and how over a period of 5 years, various projects managed to raise the enormous sums of money they did. The book then provides insights from ICO experts and looks at what the future holds. By comparing the past, current, and future of this technology, the book will inform anyone, whatever motivates their interest. The crypto shift of blockchains, ICOs, and tokens is much more than just buying bitcoins, creating tokens, or raising millions in a minute in an ICO. It is a new paradigm shift from centralized to decentralized, from closed to open, and from opaqueness to transparency. ICOs and the creation of tokens during the craze of 2017 needed a lot of preparation, an understanding of cryptocurrencies and of emerging legal frameworks, but this has spurred a new movement to tokenize the world. The author gives an unbiased, authoritative picture of the current playing field, exploring the token opportunities and provides a unique insight into the developing world of this tokenized economy. This book will nourish hungry minds wanting to grow their knowledge in this fascinating area.
Table of Contents (18 chapters)
Tokenomics
Contributors
Preface
Index

Summary


In this chapter, we introduced the concept of a network of markets and considered the fact that blockchains could replace networks with markets. We also looked at how the Internet of information has transformed society, but has fallen short of being able to transfer value because this wasn't possible, until now.

We discovered that solving the "double spend problem" in a decentralized manner has enabled the creation of the Internet of value, which is the missing piece of the puzzle for building internet 2.0. In this new world, tokens will represent this value and they will be created, transferred, and exchanged in new markets making up this new token economy. The digital token economy will continue to grow, causing assets in the physical world to have their digital counterpart in a virtual world.

Now that we have set the scene, let's turn our focus to the all-important theory, setting you up for the rest of the book. It is a light-touch approach for beginners, breaking down several concepts that have become very important in this new decentralized world.