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 6. Playing by the Rules

"Government's view of the economy could be summed up in a few short phrases: if it moves, tax it. If it keeps moving, regulate it. And if it stops moving, subsidize it." (https://www.reaganlibrary.gov/sites/default/files/archives/speeches/1986/081586e.htm)

President Ronald Regan, 1986

One of the biggest challenges of playing in the ICO space is trying to understand the rules to play by. Regardless of what anyone says, we all live in a world bound by rules. We always have and always will, yet technology knows no bounds and unabatedly continuous to leap ahead, regardless of global boundaries or jurisdictions.

In the early days of ICOs, everything was experimental, but when more money poured in, and when hacks, bugs, and unscrupulous behavior started garnering worldwide media attention, the various regulatory bodies around the world started taking notice. Then, all of a sudden, the most important person in the ICO team was not the geek...