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

Technology


The crypto economic revolution is not going away. The idea that we can have a digital consensus network, without trusted third parties, is too powerful, so the concept of a giant, scalable, distributed grid of the internet is the real internet that many of us were hoping for.

There is a constant battle between the centralized and the decentralized world. Some ICO companies are looking to bank the unbanked, by providing services to an estimated 2.5 billion unbanked adults around the world (https://www.weforum.org/agenda/2016/05/2-billion-people-worldwide-are-unbanked-heres-how-to-change-this). Other ICO companies, such as OmiseGO, are looking to unbank the banks, but it is not all black and white. There are degrees of decentralization.

On the one end of the spectrum there is bitcoin, which, as previously mentioned, is decentralized to the degree where there is no leader. The trade-off here is that making decisions becomes difficult and slow, as demonstrated in the Great Bitcoin Scaling...