Earn crypto with exciting new token economies
By: Sharmini Ravindran
Tags: Earn Money Online, Dapps, Cryptocurrency, Crypto, Blockchain

Decentralising the world economy

The internet redefined business forever, replacing brick and mortar with computer screens. But what’s more important is that it formed entirely new economic systems, such as the sharing and gig economies.

Made up of freelancers and temporary workers, the gig economy affords people the freedoms and independence to work in their own way. We can now customise our jobs to fit into our lives, and not the other way around.

The success of sharing economy startups-turned-conglomerates signalled that these community-driven businesses had a much-needed model — one which empowered consumers for the first time.

These sub-economies show us what our global community is capable of when given an internet connection and a platform to share, collaborate and connect with one another. They break apart the traditional professional landscape and opens up new, fluid streams of income.

Tokens — money of the fourth industrial revolution?

Token economies are the next iteration of finance. Their decentralized systems are designed by and for people, rather than purely commercial profit. For example, with traditional sharing economies, host platforms like Airbnb and Uber take their ‘share’ and turn into conglomerates.

In a decentralized sharing economy, these companies become obsolete; you are the user, the host and the network itself. Token economies can create financial opportunities for everyone, regardless of geography or level of education.

In a token economy, value can easily be digitised and shared. People are incentivised to contribute their time, resources or services through token reward systems. These transparent, secure and community-run systems are built on decentralised networks called blockchains, most commonly the Ethereum blockchain. They enable all kinds of decentralized applications (dApps) to be developed and plugged into them..

Traditional Economy

People pay businesses for goods and services. Revenue and profit flows one way — customer to business.

Sharing & Gig Economy

Businesses or individuals pay people to provide goods and services, but host companies take a cut and you play by their rules.

Token Economy

People rent, share and sell goods and services directly with each other or businesses on their own terms — no fees, no contracts, middleme

Here are some token economies which you can be a part of today.

Rent don’t share

Golem Network

Golem Network allows the entire internet community to share their computing power through its decentralized network. It combines the power of users’ individual machines, creating one giant supercomputer. Anyone can tap into and utilise it for all sorts of power-intensive needs, such as rendering high-quality film. You receive tokens in exchange for contributing your own computing power.

Mysterium Network

Just like Golem, Mysterium Network has created an entire network which enables anyone to contribute their resources and receive tokens in exchange. In this case, users can buy a Rasberry Pi preloaded with a node and power the network. It’s as simple as plug, play and earn. Switch it on to start sharing your unused bandwidth (internet connection) while you work or sleep.

Origin Protocol

Origin Protocol allows anyone to build their own decentralized marketplace. You can create and manage listings for all kinds of assets and services. Buyers and sellers use the platform to discover each other, browse listings, make bookings and even leave ratings and reviews.