Copyright © 2018 Packt Publishing
All rights reserved. No part of this book may be reproduced, stored in a retrieval system, or transmitted in any form or by any means, without the prior written permission of the publisher, except in the case of brief quotations embedded in critical articles or reviews.
Every effort has been made in the preparation of this book to ensure the accuracy of the information presented. However, the information contained in this book is sold without warranty, either express or implied. Neither the authors, nor Packt Publishing or its dealers and distributors, will be held liable for any damages caused or alleged to have been caused directly or indirectly by this book.
Packt Publishing has endeavored to provide trademark information about all of the companies and products mentioned in this book by the appropriate use of capitals. However, Packt Publishing cannot guarantee the accuracy of this information.
Acquisition Editors: Frank Pohlmann and Andrew Waldron
Project Editor: Radhika Atitkar
Content Development Editor: Joanne Lovell
Technical Editor: Nidhisha Shetty
Proofreader: Safis Editing
Indexer: Pratik Shirodkar
Graphics: Tom Scaria
Production Coordinator: Sandip Tadge
First published: October 2018
Production reference: 1041018
Published by Packt Publishing Ltd.
Livery Place
35 Livery Street
Birmingham B3 2PB, UK.
ISBN 978-1-78913-632-6
To my dear wife Tara whose support has made this dream possible and to my children Ekun, Jayee, and Taline. If daddy can do it, so can you
– Sean Au
To Penny Power who has powered me through the last 30 years since we first met by accident on September 1st 1988, supporting and believing in all the risks we chose to take, thank you for creating the next generation of Power's (PowORS) in Hannah 1992, Ross 1994, and TJ Power 1997. To our three little ones I say, remember the six magic words "we become what we think about" and always be Open Random Supportive (ORS) ®
– Thomas Power
"Just share what you know," he said to me as we sat at the back of a meeting room whispering to each other like kids in a classroom. And it was on that morning, on the 5th of June 2015, in a meeting at Canary Wharf, London where he drew the Nike tick and wrote beneath "Just Share It"... and I've been doing that ever since.
I had heard of the name Thomas Power back in August 2014 in conjunction with words like "a social media guru" and "the guy who teaches high profile board members and individuals how to tweet." That sounded silly to me but then, I knew nothing about social media, and to tell the truth, I didn't really care.
My Twitter, Facebook, and LinkedIn accounts where all dormant, gathering cob webs in some dusty attic in cyberspace. I didn't rate them because I didn't understand them. Besides, as an introverted geek, why on Earth would I want to put myself "out there?" Little did I know that going to London for the first time and accidentally meeting Thomas Power would change my perspective and eventually change the way I would see the world.
At the back of that meeting room I hammered Thomas on why social media was a waste of time, questioned the benefits of being constantly present online and how it was a waste of time tweeting about your favorite TV show or what you just ate.
In the next 45 minutes, Thomas talked about being Open, Random, and Supportive, about being willing to serve and about staying hungry. Concepts that were beyond me but not strange to me. I then thought to myself, "maybe he knows something that I don't. Besides, what do I have to lose?"
Upon my return to New Zealand, I created a new Twitter account, dusted the cob webs off my Facebook and LinkedIn profiles, and tentatively tweeted my first tweet. I started using an application called Klout (now shutdown), which measured one's social influence. I had no intention of trying to be popular but what struck me was the tag line. "Be known for what you love." This got me thinking, what is it that I love?
I've been interested in bitcoins since 2014 as well as blockchain technologies and decided to pursue this full time shortly after. It was one of the biggest decisions of my life. I spent an entire year reading everything I could on the internet and probably only scratched the surface! What has transpired is a deeper understanding of how money works, how the world works, and doing things I never thought possible such as co-authoring a book.
The journey of living and not just existing, of creating a dream list and not a bucket list, and the attitude of whether I succeed or fail being able to tell my kids that at least your daddy gave it a go is not for the faint hearted. It puts to the test the very person that you are. It is an arduous journey. One fought with hard work and determination along with more than the occasional inspirational pick-me-up YouTube videos from the likes of Eric Thomas (@Ericthomasbtc), Gary Vaynerchuck (@garyvee), and Jay Shetty (@JayShettyIW).
I challenge those in similar situations to take a chance and explore this new world, but remember that your fundamentals and core values need to be right. Don't just be social for the sake of being social. Be open, random, and supportive. Help others and stay hungry.
T okenomics is a great book! Sean and Thomas give a fascinating insight into the wonderfully exciting world of cryptocurrencies, tokens, and ICOs and how this technology is going to change the world. It takes the reader on a journey through time, from the first ICO right through to what could happen 5 years from now.
Dickie Armour
CCO, CorreInnovation.com
My mission as City A.M.'s Crypto Insider is to learn and share new knowledge in the fields of AI, Blockchain, Cryptocurrency, and Tokenization. Sean and Thomas's book Tokenomics is a must read for anyone wanting to get a valuable insight into the space and I can highly recommend it.
James Bowater
City AM's Crypto Insider
Sean and Thomas demystify the concepts of blockchains, ICOs, and tokenomics and highlight how this technology will have a profound effect in the years to come. We have seen a new asset class created that can help address some of the challenges in our fast changing digital world from raising capital, helping to attract, engage, reward, and retain customers and helping to give control back to individuals!
Jonny Fry
CEO TeamBlockchain Ltd
The momentum around cryptocurrency represents an opportunity for companies to engage communities and solve the "chicken and egg" problem of marketplaces in more innovative and impactful ways. Yet, Token Sales and Initial Coin Offerings (ICOs) are still clouded with uncertainty, even after you remove the bad actors. Tokenomics takes a much-needed look into the challenges that accompany the new world of tokens, blockchain, and the potential for token economies.
Vinny Lingham
Co-founder and CEO, Civic
An exciting and inspiring literary journey into the future of decentralization.
Jason Meyers
Founder of Auditchain.com
Blockchain and distributed ledger technologies have the potential to change the ways many industries work. This book does a great job of deconstructing cryptoeconomics, ICOs, and new models for businesses and individuals to thrive.
Nimo Naamani
Co-founder Horizon State
Sean and Thomas have done a great job of demystifying the concepts of blockchains, ICOs, and tokenomics in an easy to digest manner. Readers will come away realizing that this technology will have a profound effect on our future. A must read for anybody in business.
Mark Pascall
Director, BlockchainLabs.NZ and President of the Blockchain Association of New Zealand
mapt.io
Mapt is an online digital library that gives you full access to over 5,000 books and videos, as well as industry leading tools to help you plan your personal development and advance your career. For more information, please visit our website.
Spend less time learning and more time coding with practical eBooks and Videos from over 4,000 industry professionals
Learn better with Skill Plans built especially for you
Get a free eBook or video every month
Mapt is fully searchable
Copy and paste, print, and bookmark content
Did you know that Packt offers eBook versions of every book published, with PDF and ePub files available? You can upgrade to the eBook version at www.Packt.com and as a print book customer, you are entitled to a discount on the eBook copy. Get in touch with us at customercare@packtpub.com for more details.
At www.Packt.com, you can also read a collection of free technical articles, sign up for a range of free newsletters, and receive exclusive discounts and offers on Packt books and eBooks.
