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

Types of companies running ICOs


There are two broad categories of companies running ICOs and creating their own tokens. The first and most popular category is new blockchain-based startups that plan to revolutionize the world and decentralize everything in their path. Then there are existing and established companies that want to jump on this ICO train and explore the new opportunities available. We will first explore existing companies and how they participated in the ICO craze.

Existing companies running ICOs

There are typically two categories of companies that enter the ICO space: companies that already use some sort of virtual currencies or loyalty reward systems and see crypto tokens as a natural evolution, and companies that don't but want to change their strategy to include a token of some sort. One of the most popular industries that uses virtual currencies is the gaming industry.

GameCredits (GAME)

Virtual currencies in computer games have been around for a long time but they only really...