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

Chapter 4. Token Varieties

Nowadays, there are tokens everywhere, purporting to do everything from replicating loyalty programs and gaming credits, all the way to acting as payment systems within messaging apps and even using token platforms to create more tokens. There are a dizzying number of tokens available at present, all claiming to provide exceptional world-changing utility and value.

The question is: do these tokens really offer what they claim? In this chapter, we'll take a closer look at tokens, particularly:

  • Tokens on the bitcoin blockchain (Omni/Counterparty)

  • Tokens on custom blockchains (Nxt/Waves)

  • Tokens on the Ethereum blockchain (Augur/ICONOMI)

  • Tokens on non-blockchain technologies (IOTA/Hashgraph)

We'll take a step back in time to see how ICOs were done back in the good old days, on the good old original bitcoin blockchain, then on other blockchains such as Nxt and Waves, before jumping into the ever-popular Ethereum blockchain. We will also round off by introducing relatively...