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What is Tokenomics? Introduction to ICOs, blockchain and tokenomics 2021

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Tokenomics &Amp; Icos

Hello fellas! How are you all doing? Today, we’re going to be talking about tokenomics. Blockchain is one of the most popular gained buzzwords in technology right now, alongside AI and Big Data. However, Blockchain is a relatively new invention.

The Bitcoin ledger started in 2009, and Ethereum started in 2015. However, it’s rapidly expanding and evolving. It’s impossible to check the technology news and not see new startups in Blockchain coming out all the time, in all kinds of different areas. 

So we have everything from insurance to agriculture to AI, anything. Moreover, even though Ethereum, which enables the creation of ICOs, is a relatively new technology, startups have raised billions of dollars using it so far. So this is just to demonstrate how vital Blockchain is right now in the world of technology. 

Also, This article will purely give your all more insights about ICOs only! After that, I will make another detailed blog post for you all to know more about IDOs. As we know, IDO’s already outstood ICOs in terms of technology for the past two years. So keep calm! And have quick info on ICOs & Tokenomics! 

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What’s an ICO?

Tokenomics &Amp; Icos
Tokenomics & ICOs

So what’s an ICO? I’m assuming that most people know what an ICO is, but for those that aren’t, ICO stands for initial coin offering. So this means that you are creating a token or virtual currency, and you want to get funded, and you don’t do this through the traditional way, but instead, you ask for Ethereum or Bitcoin in exchange for your token, right? 

So you give your users a token, and then you can exchange Ethereum or Bitcoin, and then you can convert this to fiat, like a standard currency such as USD or dollars, and then you can use this to fund your venture. So this is a compelling concept.

You wonder is that possible for bitcoin to replace US dollars in the upcoming future? read this What If Cryptocurrency Replaces USD In Future If It Ever Collapses 2021?

First of all, from a regulatory and technological perspective, it democratized funding in startups even more. That’s one. 

Secondly, there’s an exciting idea, which not everyone has captured, behind ICOs. By issuing a token, a startup business effectively creates a kind of artificial economy, which means that you can reward users with tokens based on arbitrary incentives. 

So to give you an example, there’s Filecoin ( FIL ), where tokens represent megabytes of hard drive space, or you have environmental tech startups that reward users with tokens for producing clean energy, or you can have health apps where they record users for participating in healthy activities.

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Types of Tokens

So there are different types of tokens. There are two main types: security tokens and utility tokens. Security tokens, for those companies in the States and possibly for many other companies, are a no-no because security tokens effectively represent assets such as dividends.

They’re basically like equities or bonds, etc., which means that in the States, they are treated the same way as dividends, and this means they need to be regulated. However, there are some countries where regulation right now is a grey area, and it’s not recommended to try and create a security token unless you know what you’re doing. On that note, Do check out this one Total 5 Types Of Cryptocurrencies Explained , for you to understand more about security tokens and utility tokens.

You have the right legal team to support you through this process of understanding how to be compliant with the regulations. But, on the other hand, utility tokens offer goods and services to users that basically want to interact with businesses. 

So maybe a company is selling goods, and instead of just accepting US dollars, they receive tokens. Or maybe if you hold these tokens, you get some premium service, or perhaps you get a special discount, etc. So utility tokens are not going to provide you with dividends or equity or anything of that sort. But, still, they’re effectively a medium of exchange for this closed economy represented by the business. 

Tokenomics! ( or we say Cryptonomics )

Tokenomics
Tokenomics

So, since we are talking about the creation of these virtual economies, essentially, the question that arises is how we can govern these economies?

So this is when tokenomics comes into play. Also, there’s another word called cryptoeconomics. In contrast, crypto-economics mainly refers to the incentives for the blockchain network participants, for example, miners. 

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In comparison, tokenomics relates particularly, in most cases, to the economy of these closed worlds. And many questions need to be answered in this setting. For example, In the real economy, the central bank cares about setting the interest rates. When a company decides to run an IPO or initial public offering, they need to think about how many shares to issue, etc.

Similar questions arise in this content. For example, how many tokens should I issue if I’m a blockchain startup? How can I set up the right inventive structures so the token will appreciate? Why is this important? Because if someone buys a token during the ICO stage, it’s very likely they see this as an investment, and they want some assurance that this will increase in value in the future. 

How can I control some factors of the economy, such as inflation or volatility? I mean, volatility can be beneficial, but too much volatility can make the system collapse. It’s the same with inflation. Finally, user incentives. These user incentives are also tied to the business model. How can I create the right incentives for my users to use the token and add some value to their lives?

Common fallacies about Tokenomics

Some common fallacies take place. For example, a very common fallacy is using tokens as a replacement for fiat. So, for example, let’s say you come up with an idea to create some kind of online retailer for online shopping. 

You just sell products and, instead of accepting just fiat currencies such as USD or Euros, you say, “You know what? I’m going to issue my own tokens, “and the question there is,” Okay, so does your token offer any value, or is it just another layer of complexity added on top of your business without any real value?” Another mistake I’ve seen is what many startups have done in the past.

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They still run ICOs with a limited number of tokens, and then these tokens are burned gradually. The theory behind this is that when you are burning tokens, they will appreciate eventually because you are limiting the supply of the tokens. 

This is not a very good idea because it doesn’t help the long-term viability of the project. And then there are some other, more, let’s say, technical matters that need to be taken care of, such as the right auction mechanism for an IPO, so GNOSIS, and you can see the link here, from Vitalik Buterin’s blog, this is a very interesting use case.

They used the reverse Dutch auction mechanism, which backfired a bit, leading to 90% of their tokens not being sold. So after the ICO, they had to develop a new solution for managing the economy, effectively holding the tokens and then redistributing them, etc… Still, the important thing here is not what these people did, but what GNOSIS did.

The purpose of this example is to demonstrate to you how things such as the auction mechanisms need to be very carefully chosen, and sometimes they can backfire. Then, quite often, because all these things are new, there’s nothing out there for 90% of tokenomics. We’re just trying to do things by stealing tools from traditional economics. So sometimes, things backfire, and then solutions have to be found on the fly. 

Some more Considerations about ICOs 

So there are some other considerations around ICOs. One is whether you should go for a hard cap or a soft cap. Another issue is the actual number of tokens that should be issued, which I think research is currently providing, and it seems to agree that it’s not a very important question. 

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The actual number of questions, as long as it’s a large number, it’s not going to make much of a difference. Then another question is how much the percentage is as to how tokens from the ICO should be distributed. Some are going to founders, some percentage going to bounty programs, etc., or even how to structure an ICO in the sense that do you want an ICO that’s all going to happen at one stage, or are you going to have a pre-sell, then multiple stages of the public offering? 

Then finally, another question is whether you should make the token compliant with the Ethereum Blockchain or whether you want to create something new from scratch. But, again, this is just scratching the surface. Many, many more questions need to be answered in this context. And also, there are some legal issues. I already mentioned that some of the complications are legal issues and security tokens. 

Agent-based Modelling

So I’m a big fan, personally, of agent-based modelling, and this is something I have also promoted on my blog. I do believe that because tokenomics is a new field and it isn’t easy to study. 

We’re facing many unknowns and many non-linear and complex interactions between entities such as the users of the system or speculators in the market etc. So I do believe that agent-based modelling can be an excellent tool that can help us study tokenomics. 

Since we are not driven so much by theory at this stage of tokenomics research, why not just use an agent-based model that lets us explicitly code all the assumptions behind our system or closed economy and see how it unfolds? So I’m a big fan of this technique. 

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Conclusion on Tokenomics & ICOs

  • Blockchain is one of the most popular buzzwords in technology right now, alongside AI and Big Data.
  • Moreover, even though Ethereum, which enables the creation of ICOs, is a relatively new technology, startups have raised billions of dollars using it so far.
  • As we know, IDO’s already outstood ICOs in terms of technology for the past two years.
  • And have quick info on ICOs & Tokenomics!
  • These user incentives are also tied to the business model.
  • How can I create the right incentives for my users to use the token and add some value to their lives? Common fallacies about TokenomicsSome common fallacies take place.
  • A very common fallacy is using tokens as a replacement for fiat.
  • They used the reverse Dutch auction mechanism, which backfired a bit, leading to 90% of their tokens not being sold.
  • So after the ICO, they had to develop a new solution for managing the economy, effectively holding the tokens and then redistributing them, etc… Still, the important thing here is not what these people did, but what GNOSIS did.
  • The purpose of this example is to demonstrate to you how things such as the auction mechanisms need to be very carefully chosen, and sometimes they can backfire.
  • Then, quite often, because all these things are new, there’s nothing out there for 90% of tokenomics.
  • We’re just trying to do things by stealing tools from traditional economics.
  • Sometimes things backfire, and then solutions have to be found on the fly.
  • Some more Considerations about ICOs So there are some other considerations around ICOs.
  • Then another question is how much the percentage is as to how tokens from the ICO should be distributed.
  • Or even how to structure an ICO in the sense that do you want an ICO that’s all going to happen at one stage, or are you going to have a pre-sell, then multiple stages of the public offering?
  • Then finally, another question is whether you should make the token compliant with the Ethereum Blockchain or whether you want to create something new from scratch.
  • And also, there are some legal issues.
  • I already mentioned that some of the complications are legal issues and security tokens.
  • Agent-based modelling I’m a big fan, personally, of agent-based modelling, and this is something I have also promoted on my blog.
  • I do believe that because tokenomics is a new field and it isn’t easy to study.
  • So I do believe that agent-based modelling can be an excellent tool that can help us study tokenomics.

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Crypto News in Russia & Ukraine War Invasion Conflict !🚀 Bitcoin New Digital Gold in War in 2022?

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Russia &Amp; Ukraine

This crypto news update is regarding the Russia & Ukraine war conflict, how cryptocurrency plays an essential role in bypassing sanctions, and much more! So let’s go!

As you guys know, with the Russia and Ukraine conflict going on, crypto has been in the spotlight lately because there are so many sanctions out; therefore, the Russian government wants to use crypto as a loophole. So basically, crypto is becoming more popular than ever. We will address some of the significant issues described in this article. And the overall crypto market guys have been a little bit shaky. 

Lately, the crypto market has been going up and down at the time of the recording, bitcoin is going down again six percent at about 39040, ethereum is down 2686, and Binance coin ( BNB ) is 378. 

It seems like this war conflict will be going on for a while because, as you guys know, Putin and the French president had a long one-hour discussion, and it seems like Putin is not giving away, and he’s going to make this a long-term conflict. 

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So can crypto be used to avoid sanctions during Russia & Ukraine

That is an excellent question because, as you guys know right now, many Russian banks are sanctioned, and portions of the swift system are also sanctioned. So this has led to a debate on whether cryptocurrencies, especially bitcoin, can evade the restrictions because cryptocurrency is decentralized. There’s no way to enforce cryptocurrency restrictions.

It seems like one of the big things that they’re planning to do is that cryptocurrency exchanges will be on high alert to enforce the sanctions, and it goes on to say that every u.s business has to follow the law. So be up to like us entities like Binance, coinbase, and whichever cryptocurrency exchange out of the u.s or any countries that have those sanctions it’ll be up to them to enforce it.

And they’ll be doing this with global watch lists and blocking transactions from different IP addresses from Russia & Ukraine. So it is saying that it will definitely try to enforce it, but there is no guarantee because, as you guys know, people can use VPNs and different things like that.

And then the second issue, guys, is if bitcoin isn’t the digital goal, and I love bitcoin. As you see right now, if you guys had bought into bitcoin like before the pandemic started, you would know that you’re doing pretty well. Bitcoin has a market capitalization of 748 million, along with ethereum. It’s like the biggest or has the most market share globally. So I think it’s definitely a digital goal. It’s going to be around for a long time. So it’s hard to put sanctions around bitcoin.

Just because it has to be enforced, kind of like at the cryptocurrency exchange level, because cryptocurrency costs will be stored like in a wallet or metamask, and there’s no way to implement things like that.

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Russia &Amp; Ukraine
Russia & Ukraine

 And then the third major issue that this article talks about is that blockchain technology is proven, and just recently, guys, for the war efforts, Ukraine is now accepting dogecoin and other cryptocurrencies for donation. They have managed to raise 35 million dollars already!

So as you see, cryptocurrency is making a significant impact, and I think as long as you’re dealing with cryptocurrencies like in the top 10 or the top 20, as you see right here, bitcoin, ethereum, TESLA, BNB, & XRP things like that. All of these cryptocurrency guys, they’re proven!

 okay, there’s like no loopholes, there are no scams, there are no things like that, but some of the other cryptocurrencies, such as smart contracts or meme tokens that people start with smart contracts are very dangerous just because the person that creates the smart contract owns all the tokens but as long as they’re trading with the top 10 or top 20 cryptocurrencies such as dogecoin and so forth I think it’s going to be okay

 I think this is an exciting time to be in crypto; even though the crypto market is not doing too well recently just because of the war efforts and the overall stock market is down, the Crypto market is here to stay going to be a way for people to use as a different way to stash their income stash their assets.

So if you guys enjoy this crypto news update regarding the Russian & Ukraine conflict. With all our informative articles are just for entertainment purposes, I’m not a financial advisor. It’s not financial advice. Please make sure you do research, so thank you guys for reading and having me your time!

Do check out more articles on cryptocurrencysimple.com.

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How to buy Bitgert BRC-20 ( $BRISE ) Token in the current market in 2022

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How To Buy Bitgert Brc-20 ( $Brise ) Token In The Current Market In 2022

Obtaining some coins is more complex than others. One of them is Bitgert. Unfortunately, Coinbase, Binance, and other popular centralized exchanges don’t have it. But don’t worry; we’ve included some pointers to assist you in locating a Bitgert purchase option that works for you.

So, hello, forks. This is me, Pushkar, and today I will let you know how you can easily Buy Bitgert BRC-20 Token easily through the centralized or decentralized exchange at your ease. So, let’s get dive into it!

Buy Bitgert Brc-20
How to Buy Bitgert BRC-20

Steps on How to Buy Bitgert BRC-20 Token easily in Market

1) Check CoinMarketCap to see where and with which currencies you can buy Bitgert.

CoinMarketCap gives a list of where you can buy each cryptocurrency (also known as market pairs). For example, it is possible to find Bitgert on CoinMarketCap if you search for it. The “Market” button is near the price chart. 

This view shows you all the places where you can buy Bitgert, as well as the currencies you can use to buy it. This is where you’ll see the Bitgert abbreviation BRISE and the name of the other currency. Two currencies can be used to buy Bitgert. The second one can be used to Buy Bitgert BRC-20.

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If you want to buy BRISE in US dollars, look for the symbol BRISE/USD on the market.

2) Choose a way to buy things.

Platforms aren’t all the same regarding security, reliability, and liquidity. So before you open an account for Buy Bitgert BRC-20, do your study.

3) In step three, you can buy something on the platform of your choice.

There are different ways to do things on each platform. Some platforms are straightforward, while others are not easy to use.

It’s easier to buy crypto with a fiat currency, like the US dollar, than to buy it with another cryptocurrency.

Exchange with where you can buy Bitgert BRC-20 Coin at your ease! Just click to your favourite exchange and you will go to the Sign up page! Easy? Yes that’s what simplicity Cryptocurrencysimple get you!

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  • Gate.io
  • PancakeSwap (V2)
  • MEXC
  • BitMart
  • XT.COM
  • IndoEx
  • BitForex
  • Hotbit

The first step is to build a Bitgert-compatible crypto wallet. Then you’ll need to buy the first cryptocurrency and use it to buy Bitgert on the platform of your choice.

Most platforms have help guides if you get stuck on them. Many people love crypto and have written guides on YouTube, Twitter, and other social media sites if they don’t.

More about what’s happening with Bitgert BRC-20 Token

Bitgert’s price has dropped 0.13 percent in the last seven days. During the previous 24 hours, the price rose by 10.70 percent. The price has increased by 0.65% in the previous hour. The current BRISE price is 0.000058. The new price is 0.000058, which is a new all-time high.

BRISE Swap

BRISE Swap is a decentralized exchange based on the Binance Smart Chain, a faster and more affordable alternative to Pancakeswap.

BRISE Token Roadmap

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Buy Bitgert Brc-20
Source: https://bitgert.com/

A Staking Program for BRISE Revenue Sharing

BRISE staking is a scheme designed to share revenue with our investors and Auto-BNB payouts in BUSD with additional APY 80 percent returns.

Wallet for BRISE dApps

BRISE dApp Wallet is a multi-coin wallet that allows you to send securely, receive, store, and swap various cryptocurrencies. In addition, the application offers you a secure access key that prevents unauthorized access to your assets. BRISE dApp Wallet will be available for download on iOS and Android mobile devices, with multi-coin compatibility allowing you to buy and sell hundreds of coins and blockchain kinds.

Tweet from the BRISE official dev team

I hope you find this article helpful while you buy Bitgert BRC-20 Token. Rest is all you need to do is have a good investment mindset. I will also write a detailed article on tips or points to make your investment plan. I am all done for now. Allow me to leave and check out more on Buy Bitgert BRC-20 Coin on cryptocurrencysimple.com

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Bitgert BRC-20 could take over as the leading blockchain in terms of gas fees in 2022.

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Bitgert Brc-20

This is how it works: The Bitgert team built and launched its own blockchain, which is called Bitgert BRC-20.

In the beginning, the Bitgert project was a DeFi protocol that was built on top of the Binance smart chain. It took the Bitgert team six months to develop and launch their own blockchain, but that didn’t stop them. The BRISE BRC20 blockchain is the most talked about topic in the crypto world because it is so disruptive. This is why Bitgert BRC-20 is going up in value when all the other top cryptocurrencies like Bitcoin and Shiba Inu go down. Then, read on:

Bitgert BRC-20

Bitgert Brc-20
Bitgert BRC-20

One of the essential things Bitgert did to become a company. Finally, the Bitgert BRC-20 team worked on it. It was one of the last things they worked on. When the market didn’t expect it, the BRISE BRC20 blockchain just came out, which was a surprise. The zero gas fee feature and the fastest speed have been the most exciting things for people in the crypto world to learn about. In addition, the Bitgert BRC-20 chain can run smart contracts, and it can run on the EVM. If you’re a developer, Bitgert will be one of the best tools you have. These are why Bitgert is going up so much in the bear market.

Centcex

Bitgert Brc-20 Could Take Over As The Leading Blockchain In Terms Of Gas Fees In 2022.

This means that the Centcex price hasn’t changed very much. This means that it can be called “stable.” But Centcex is one of the cryptocurrencies that Bitgert has already dominated. The team has been working on making as many products as possible. Already, the new Centcex exchange is in the final stages of development. That’s not all. The Centcex team still has a long way to go before beating Bitgert’s performance, like developing a blockchain. I think that’s how it can compete with other things in the crypto market: by making money.

Bitcoin

Bitgert Brc-20 Could Take Over As The Leading Blockchain In Terms Of Gas Fees In 2022.

Coins that have had their value fall the most: Bitcoin is the best of them all. There’s no doubt that Bitcoin is one of the cryptocurrencies that isn’t doing very well in the market. It’s down more than 5%. However, it is one of the most potent cryptocurrencies on the market right now. Even so, Bitgert BRC-20 has a faster chain and a lower gas fee that might put bitcoin in a tough spot soon. Before now, Bitcoin has been one of the slowest blockchains in the crypto world, but now it is getting faster.

The Shiba Inu

Bitgert Brc-20 Could Take Over As The Leading Blockchain In Terms Of Gas Fees In 2022.

The Shiba Inu price has been going down as the crypto market has been in a bear run since the middle of this week. Because Shiba might have been one of the cryptocurrencies that made significant gains in the last bull run, it might do the same in the next bull run. It might be that the Shiba Inu team needs to do more work on the products if they want Bitgert to do well, even in a lousy market. Building a blockchain for the network, as the Bitgert team did, might be a good idea.

Dogecoin

Bitgert Brc-20 Could Take Over As The Leading Blockchain In Terms Of Gas Fees In 2022.

Elon Musk’s Dogecoin price has been going down a lot in the last few days. Though the coin has been doing very well, it hasn’t been able to keep its price stable. Dogecoin was one of the top cryptocurrencies that saw a significant price drop. They have a lot of work to do to keep the cryptocurrency overtaken by new coins like Bitgert. To do this, we need to make more products for both the network and the Dogecoin blockchains.

Ethereum

Bitgert Brc-20

The Ethereum coin hasn’t done very well in the last few days. At this writing, the cryptocurrency was still in the red. The second-largest cryptocurrency in the market is called Ethereum. It is also the second most helpful cryptocurrency in the market. However, the chain hasn’t been able to keep up with the demand for the coin. Bitgert BRC-20 and other cryptocurrencies are now a force to be reckoned with because they have a faster and cheaper gas than Ethereum. So Ethereum has a rival that it needs to beat.

The Binance Coin can be bought and sold on this site.

Bitgert Brc-20

BNB, which stands for Binance, hasn’t done very well in the market, but it hasn’t dropped as much as Bitcoin. So I think it can be said to be one of the cryptocurrencies that kept its prices stable. But BNB is one of the cryptocurrencies with a lot of room to grow, just like Bitgert BRC-20. However, Bitgert BRC-20 has a meager gas fee faster than the Binance chain. So when Bitgert goes green and goes up, Binance goes down and goes into the red.

That is all from my side for today, For more information, do check out other articles on cryptocurrencysimple.com, I Pushkar, singing out and I will see you in a bit.

Frequently Asked Questions:

1) What is Bitgert Crypto and how does it work?

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The Bitgert team has created a ground-breaking blockchain that has shaken even the most powerful chains in the market. The gasless chain is the most important characteristic that has allowed Bitgert BRC20 blockchain to outperform nearly all of its competitors. Because the gas charge is $0.0000000000001, this blockchain has no gas fee.

2) Is it wise to invest in Brise?

In the year 2022, the token will reach a high value, providing you with the greatest degree of profit. Yes, if you’re wondering, we’d like to inform you that this token has the potential to provide you with a fantastic profit. You will adore this token and will undoubtedly invest in it.

3) What is the best way to receive Bitrise coin?

Bitrise Coin is now available on Bitmart, Gate.io, Pancakeswap, and Hotbit exchanges.

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