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


The ICO phenomenon has sparked a creative and innovative flair in those young and old. The young are jumping in with naïve, but unlimited, energy and disrupting everything in their path, and the old are radiating caution and timing.

In this chapter, we learned what an ICO is and explained the concept of a token, along with some associated terminology. Several bitcoin bubbles were highlighted, only to discover that subsequent bubbles rendered the previous bubbles insignificant in comparison.

Several challenges were highlighted, such as the need for the development of infrastructure and increased education.

Finally, we learned about the new era of ICO innovation and what the future could bring.

Now that we have an insight into the potential of ICOs and blockchain technologies, we next look at the various token varieties and ICOs that have occurred over the past four years, starting with the very first one: Omni.