What are Token Economics? (ICO Investing) | Crypto Explained
In today’s video we will walk through an introduction on token economics related to investment decisions for initial coin offerings (ICOs). We use the OPEN Platform and SuchApp as examples of how to evaluate token economics for new and upcoming ICOs. Token economics are a vital factor for any prospective crypto investor and should not be taken lightly. Understanding the long term potential of a token allows for better informed investment decisions and strong positions in sustainable projects.
Welcome to Crypto Explained, a set of videos in which we discuss basic concepts and hot discussion topics within the cryptocurrency space.
PROJECT LINKS 🚀
https://www.openfuture.io/
https://www.suchapp.io/
ADDITIONAL READING 📖
https://hackernoon.com/the-emerging-science-of-token-economics-conference-call-on-nov-6-2pm-3pm-est-c9ab3946ed6b
https://medium.com/singulardtv/tokenomics-101-the-emerging-field-of-token-economics-e253b9e72ba3
https://hackernoon.com/token-economy-4a38ad02a239
ESSENTIAL CRYPTO RESOURCES ✔️
● Recommended hardware wallet: LEDGER NANO S
https://www.ledgerwallet.com/r/34fd
● Recommended exchange to buy Bitcoin / Ethereum (free $10 bonus): COINBASE https://www.coinbase.com/join/59aee0fcd9ffbc017821da88
SOCIAL MEDIA ❤️
● Twitter: https://twitter.com/mycelias
● Instagram: https://www.instagram.com/mycelias
● Steemit: https://steemit.com/@mycelias
ATTRIBUTION 🎵
Morning Stroll: Josh Kirsch/Media Right Productions
BirdBrainz: Otis McDonald
Coupe: The Grand Affair
Retro: Wayne Jones
Inevitable: Diamond Ortiz
Head Candy: William Rosati
LOGOS & IMAGES 📷
Icons sourced from www.flaticon.com
DISCLAIMER ❗
I am not a financial advisor and statements should not be considered financial advice. Information provided reflects my opinions only and I am not responsible for any investment decisions you decide to make.
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Coins mentioned in post:
Check this game out, look close with an open mind with what this new concept is doing with open source Ethereum ERC-20 smart contracts, decentralized exchange and passive income. The game has passed the crypto kitties game on the Dapp Radar. The smart contract is coded to tax 10% of the ETH. when users purchase the (P)roof (O)f (W)eak (H)ands tokens and divides the ETH. tax to people who are already holding and also 10% of when users sell “20% total”. The name of the game is to hold as long as you can while you get earnings from the constantly taxed “Strong hand” buys and the taxed “weak hand” sells. If you don’t want to play anymore, you can pull out all your earnings all at once but with a 10% tax fee that gets divided to the stronger hands. This is what the ERC-20 smart contract is programed to do. Doesn’t hurt to look at the contracts open source code at least, don’t let the opportunity pass you by.
https://powh.io/?masternode=0x32c37e7ca38be1f85cd9e85c81ac9b6730f43e3e