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Tokenomics by Thomas Power, Sean Au

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Chapter 1. Once Upon a Token

Tip

The future is decentralized and the future is tokenized.

Out of all the technological advancements that humans have achieved throughout history, the creation of a simple token on a simple digital distributed ledger has the potential to redefine the very meaning of value. This is because the underlying technology, which will be discussed throughout this book, will open up new markets, and these new markets will enable everyone to connect, participate, and exchange value in ways we never thought possible.

We are already seeing snippets of this, such as being able to send value around the world in seconds at a fraction of the normal cost; crypto and token markets trading 24/7 instead of having to close at the end of ...

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