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Tokenomics

Tokenomics

By : Sean Au , Thomas Power(GBP)
3.4 (9)
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Tokenomics

Tokenomics

3.4 (9)
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 (16 chapters)
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3
3. The Potential of ICOs
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15
Index

What is an ICO?

An ICO, is a fundraising mechanism where new projects sell an underlying crypto token in exchange for capital. In the early days, the capital was in the form of bitcoin, but over time this increased to other forms of cryptocurrencies, in particular ether. Now that the industry has developed, regular fiat currency is being accepted under certain conditions as well. Accepting fiat currency means the ICO can reach more people.

The term "ICO" was created and popularized to allow comparisons to the term Initial Public Offering, otherwise known as an IPO. Similar to an IPO, where shares are sold to investors for equity in a company to fund operations, an ICO is where "coins" are created and sold to investors to fund the operations of a company or project.

There are some subtle, but important, differences between an ICO and an IPO. The lack of current regulations and oversight in the ICO space has been seen as an advantage to helping avoid the costly and expensive...

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