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

Did these ICOs really need a blockchain?


We may have established whether these ICOs needed their own tokens or not, but did they need a blockchain? The ICOs that didn't need a token may or may not have required a blockchain, but there is a growing argument that suggests that although blockchain technologies are relatively new and still evolving, we could be only a handful of years away from a situation where the question will be reversed to: why would you not build your business using the blockchain?

There are several reasons why a blockchain is useful:

  • Using a blockchain means that you don't have to build or own any databases. The blockchain concept, or system of blockchains, provides this already. Think of Ethereum connected to distributed file systems, such as the Inter Planetary File System (IPFS), Storj, or Sia.

  • Traditional systems generally use centralized servers, making them juicy targets for malicious attacks. Equifax, Target, and Sony may ring a bell. Instead of having a small group...