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


In this chapter, we started out with a deep look at social media, which involved a different mindset. It's not about just sending a tweet or posting a picture on Instagram: it's reading, analyzing, pondering, ruminating, considering, and hunting for information from some of the best minds in the world. Jenner doesn't aimlessly post Instagram pictures for the sake of it. Each post has a purpose: to help her build her empire.

We then learned what social media channels are required at a minimum for an ICO and that these tweets, blogs, and chat channels allow users to keep up-to-date, and interact with the project or company members.

Finally, influencers, or experts in their chosen niches, play a crucial part in the crypto community by sharing their technical knowledge or evaluating ICOs. There are also numerous ICOs creating platforms where celebrities can create and sell their own token in return for providing their die-hard fans with a more unique experience.

With all the right social...