Token Economics
Good Day! This is my weekly newsletter, with a dose of insights into the future. The topic of this newsletter is the exponential times we live in, hence the title of f(x) = e^x, which is the (natural) exponential function.
Recently, I launched my new concept The Digital Speaker and you can now book me as an avatar or hologram. Also, my tech trend prediction for 2021 is out, read it here!
Token Economics: Why and How Tokens Fuel the Decentralised Economy
My latest article:
Tokens are the fuel for the decentralised economy. Without crypto tokens, blockchain startups cannot run their platforms and offer their services and products. However, it is important that the token needs to have a raison d’être as otherwise it can be perceived as a scam or a fraud. Only when there is a real use case for the token, and it adheres to the laws of token economics, will it have viable chance to become a success.
There are four types of tokens and startups have multiple options when selecting the type of token. In addition, the chosen token economics, or tokenomics, influences the likelihood of success for the crypto startup.
Three Useful Nuggets of Information
My weekly tips from around the web to get you thinking.
1. Twitter suspends, temporarily, @Bitcoin.
This week, Twitter temporarily suspended the Twitter account @Bitcoin, owned by an anonymous user who supports Bitcoin Cash. As a result, conspiracy theories thrived. (The Verge)
2. A EU declaration on AI has been signed.
On April 10, a number of European countries signed an agreement on working more closely to harness the opportunities of artificial intelligence and overcoming the challenges involved with AI. (Innovators Mag)
3. Blockchain and gamification; a match made in heaven?
Cryptokitties is one of the world’s first blockchain games and has been very popular. Although Cryptokitties will not be the killer app for blockchain, the concept used, gamification, can bring blockchain to the masses. (Forbes)