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

Website


In an ICO, something that is just as important as the white paper is the website. This is the public image of the company or startup, and there is a list of minimum requirements that a website should have.

What is this and how does it work?

The very first thing a website has to convey is the concept and although it is great to use industry jargon and technically correct words, this has to be supplemented with alternative words and analogies, to help the visitor to understand very quickly what the company, concept, or idea is.

Take, for example, Augur (http://www.augur.net/):

"Augur is an open-source, decentralized, peer-to-peer oracle and prediction market platform built on the Ethereum blockchain."

This is great, but what exactly is an oracle? What is a prediction market?

Other examples include Factom (https://www.factom.com/), ICONOMI (https://www.iconomi.net/), Synereo (https://www.synereo.com/), and Ethereum (https://ethereum.org/):

"A practical blockchain solution for those seeking...