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 blockchain and ICO landscape can be a daunting prospect to understand at first, due to the dizzying array of ICOs, but when viewed in a logical and chronological order, it should slowly start to make sense.

In this chapter, we learned that the first evolution of ICOs was when companies started building upon the existing bitcoin blockchain, such as Omni, Counterparty, and Factom. They did this to get started quickly without having to build their own blockchain. Then, alternative custom blockchains appeared, such as Nxt, Ethereum, Lisk, and Waves, each bringing their own unique advantages. Ethereum has been the stand out, though, with over 95% of ICOs performed on this platform, primarily due to first-mover advantage and the huge community support it has built up.

We have also seen the emergence of non-blockchain technologies, such as IOTA and hashgraph, that claim to be the next generation of technology, providing solutions to scalability and instant transactions, and removing the...