🏮TOKENOMICS
EXPLANATION OF TOKENS DISTRIBUTION
Token Supply:
The total supply of $TKY will be 7 billion tokens.
Of those 7 billion, 10% (700 million) will be allocated to the founders and development team.
5% (350 million) will be allocated to early investors and advisors.
85% (5.95 billion) will be allocated to the public sale through an Initial Coin Offering (ICO).
Use of Funds Raised:
50% of the funds raised in the ICO will be used for the development and improvement of the platform.
20% will be used for marketing and expansion.
10% will be used for legal and administrative expenses.
20% will be reserved as a contingency fund for unforeseen expenses.
Token Burning Mechanism:
1% of the transactions made on the platform will be used for token burning, gradually reducing the total supply of $TKY in circulation.
The token burning mechanism will help maintain a stable supply and increase the value of $TKY in the long run.
Governance Mechanism:
$TKY holders will have voting rights on important decisions of the platform, such as the implementation of new features or the selection of new partners.
Each $TKY holder will have one vote per token in their possession.
Voting will be conducted through a smart contract system on the BSC blockchain, ensuring transparency and security in the voting process.
Token Lock-up Period:
The tokens allocated to the founders and development team will have a lock-up period of one year, during which they will not be able to sell or transfer their tokens. This ensures that the team is committed to the long-term success of the platform.
Staking Mechanism:
$TKY holders can stake their tokens on the platform and receive rewards for their participation in securing the network and validating transactions.
The staking rewards will be determined based on the amount of $TKY staked and the duration of the stake.
Decentralized Exchange Listing:
$TKY will be listed on decentralized exchanges (DEXs) to ensure liquidity and accessibility for traders.
Token Vesting Schedule:
Early investors and advisors will have a vesting schedule for their tokens, meaning that they will receive their tokens gradually over time.
This ensures that they are committed to the long-term success of the platform and incentivizes them to support the growth of the ecosystem.
Token Buyback Program:
The platform will implement a token buyback program, where a portion of the platform's profits will be used to buy back $TKY from the market and burn them.
This will help maintain a stable supply and increase the value of $TKY in the long run.
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