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

Summary


In this chapter, we put forward arguments that bitcoin is and will continue to the be the reserve currency in the crypto universe because it is the only true decentralized currency that not the SEC nor any other regulatory body can sue, shutdown, or attack. It has this unique equilibrium between the users or consumers of the service, miners who secure the network and the core group of people who look after the code on Nakamoto's behalf.

Bitcoin is the killer app, at least for this decade. In the next decade, we will be looking out for that killer smart token, as more and more tokens will be created for everything soon, bringing us to token saturation and then a consolidation. Tokens will become smarter and with the advancement of AI and machine learning, the tokens in our lives will be all managed "automagically" under the covers.

We also outlined that ICOs are going to drastically change, as we've already started seeing, and turn into more traditional securities, but this won't stop...