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Tokenomics

You're reading from   Tokenomics The Crypto Shift of Blockchains, ICOs, and Tokens

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Product type Paperback
Published in Oct 2018
Publisher
ISBN-13 9781789136326
Length 486 pages
Edition 1st Edition
Languages
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Authors (2):
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Sean Au Sean Au
Author Profile Icon Sean Au
Sean Au
Thomas Power(GBP) Thomas Power(GBP)
Author Profile Icon Thomas Power(GBP)
Thomas Power(GBP)
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Toc

Table of Contents (16) Chapters Close

Preface 1. Once Upon a Token FREE CHAPTER 2. A Bit of Coin Theory 3. The Potential of ICOs 4. Token Varieties 5. The Need for a Token 6. Playing by the Rules 7. The Token Sales Mechanics 8. White Paper, Website, and Team 9. Social Media and Influencers 10. Marketing and the launch 11. Voices of the ICO World 12. The Future Summary
Other Books You May Enjoy Index

ICOs on the Bitcoin blockchain

Before Ethereum existed, and ERC20 tokens were the buzzword, ICOs were known as crowdsales or fundraising events. Platforms based on the bitcoin blockchain were invented to enable the creation of tokens linked to a bitcoin address, much like how ERC20 tokens are linked to an Ethereum address. Omni (formerly known as MasterCoin) was such a platform. Counterparty was another and so was Factom.

ICOs on the Bitcoin blockchain

Figure 1: Omni, Counterparty, and Factom were the early adopters that built on top of the bitcoin technology

These platforms also included rules or "protocols" on how other tokens could be created and are generally referred to as "protocols" for this reason.

Tip

Protocol: A rule or way of doing something or, informally in the software world, a standard language that lets a bunch of people on the internet work together on a specific problem.

Omni (OMNI) (formerly MasterCoin)

Omni is an open-source, fully-decentralized asset platform on the bitcoin...

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