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

The community


Earlier we mentioned the two-pronged attack. In the past, it was enough to have a loyal community around your project and to expect the funds to come from that same group. Now, that's increasingly less the case. Today, the community is there to "do your marketing for you," meaning if they are properly engaged and incentivized, then they can and will have a huge impact on your social following, and the profile of your project in the market.

Investors will look at the size of your community and following when reviewing your project. If it's very low or non-existent, they will worry about your future prospects of success. The community gives you credibility. If absolutely nothing else, it demonstrates to your investor that you have the skills and commitment to build market awareness – a key skill in selling your product and building what will eventually be your business.

ICO rating sites work on "hype scores," and your community size, social following, website traffic, and YouTube...