Book Image


By : Sean Au, Thomas Power(GBP)
Book Image


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)

Chapter 1. Once Upon a Token


The future is decentralized and the future is tokenized.

Out of all the technological advancements that humans have achieved throughout history, the creation of a simple token on a simple digital distributed ledger has the potential to redefine the very meaning of value. This is because the underlying technology, which will be discussed throughout this book, will open up new markets, and these new markets will enable everyone to connect, participate, and exchange value in ways we never thought possible.

We are already seeing snippets of this, such as being able to send value around the world in seconds at a fraction of the normal cost; crypto and token markets trading 24/7 instead of having to close at the end of each business day and all weekend, and, of course, accessing permissionless markets with just a computer and an internet connection.

In this chapter, we start off the journey by introducing some high-level concepts. We will talk about the exciting technology in more detail in subsequent chapters. This first chapter looks at the idea of a network of markets, explains what tokenomics is and paints a picture of a tokenized economy.

These concepts should become clearer as you progress through the book and hopefully, by the end, you can join the network of dots and make your own connections.

We may be surrounded by fancy words, such as "tokenomics" or "blockchain technologies", but beneath it all we are humans trying to connect. We must connect in order to communicate, produce, create, and exchange, all within a market.