Sign In Start Free Trial
Account

Add to playlist

Create a Playlist

Modal Close icon
You need to login to use this feature.
  • Tokenomics
  • Toc
  • feedback
Tokenomics

Tokenomics

By : Sean Au , Thomas Power(GBP)
3.4 (9)
close
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)
close
3
3. The Potential of ICOs
15
Index

The purpose of a token

All tokens in an ICO need to have a purpose and a function, and there are a number of models and definitions available discussing the various characteristics of tokens.

To help us to understand tokens, we can consider the money in our wallets. People work and produce goods or services, thus producing economic value. This value is exchanged for money and then the money can be spent on needs and wants, sometimes not necessarily in that order. The government controls the money supply and changes various aspects of it based on monetary and fiscal policies. The money we earn is spent within a country and if we want to spend overseas, we need to exchange it. This then creates the economy that we all participate in.

Let's now look at ICO projects where we have tokens. People work and produce value in exchange for tokens. The work can be in the form of producing content, such as blogs or videos, or the user giving their attention to an advertisement. The tokens can...

bookmark search playlist font-size

Change the font size

margin-width

Change margin width

day-mode

Change background colour

Close icon Search
Country selected

Close icon Your notes and bookmarks

Delete Bookmark

Modal Close icon
Are you sure you want to delete it?
Cancel
Yes, Delete