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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
15
Index

Summary

In this chapter, we learned that just as ICOs have evolved over time, so have white papers. Traditionally technical in nature, and targeted towards a specific academic and technical audience, they have broadened in scope and language to appeal to a much wider audience. The math was removed in favor of a business and token model, easier-to-understand use cases, and friendly faces to build trust and confidence. Abstracts became executive summaries, legal sections expanded 10-fold, and white papers are now on the verge of becoming investment prospectuses.

A website is mandatory, especially since users and investors will be using it to research further on the ICO. Communicating to these users and investors using blog updates is very important also. With no updates, speculation can circulate, as in the case of Factom and the Honduras project.

It has become evident that advisors who have strong social networks are starting to change the game. Add influencers into the mix and this is bringing...

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