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 methods of how tokens were created and sold in ICOs during 2016 and 2017 were varied, experimental, and creative. There were very few standards or patterns initially, as each ICO team experimented with the number of tokens to create, how many to distribute to their community of supporters and how many to withhold for various other purposes.

In this chapter, we learned that presale bonuses were usually a given but with insatiable demand, pre-ICOs were created, which then escalated to private sales. The rush was on to get in as early as possible, in order to essentially be able to flip or sell the tokens as soon as they hit the exchanges for a quick profit.

We learned that uncapped ICOs were frowned upon by the community, hard caps became the norm and soft caps should really be called a minimum threshold or goal. With the frantic rush in 2017 and big whales gobbling up tokens like plankton in the South China Sea, inventive ways were formed to try to decentralize token holders.

Now...