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

The bust


"I have not failed. I've just found 10,000 ways that won't work."

- Thomas Alva Edison

To innovate, one must experiment. To experiment, one must continually find new ways of doing things. The catch is that not all of these new ways of doing things will succeed, as Thomas Edison found out. The sensible conclusion to draw is that out of all the thousands of ICOs created so far, most of them will fail. In fact, many have. White papers and GitHub source code repositories have been deleted and any remnant of LinkedIn profiles for the ICOs removed, that is, if they were real in the first place.

The rise of speculators and opportunists is of no surprise to those in the industry and it shouldn't be a surprise to anyone else. It happened in the dot-com bubble, the housing bubble, and even the various gold rush eras throughout the world. However, as the clampdown begins in 2018, from regulators and governments, and closer scrutiny is placed on ICOs, we will start to see...