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

Token supply and distribution


Looking at the number of tokens created, there was generally no rhyme or reason for the values chosen. The standard default in the early days seemed to be 100 million tokens, which was a nice round number. Others preferred a billion as a round number. The supply ranged from 2.6 million to 2.7 quadrillion:

ICO

Amount

Counterparty

2.6 million

Factom

8.8 million

Gnosis

10 million

Augur

11 million

Decent

73.3 million

Bancor

79.4 million

Firstblood

93.5 million

ICONOMI

100 million

MobileGo

100 million

Waves

100 million

Ark

125 million

TenX

205.2 million

Pillar

800 million

Humaniq

921 million

Synereo

949.3 million

Civic

1 billion

Nxt

1 billion

SingularDTV

1 billion

BAT

1.5 billion

Filecoin

2 billion

Ripple

100 billion

Kin

10 trillion

IOTA

2,780 trillion

Table 1: Examples of token supplies from various ICOs.

The reason why some of the supplies were not whole numbers was due to the sales model employed by various ICOs. For...