Tokamak Network coin issuance price, total amount and white paper introduction

Tokamak Network's initial coin issuance price was set at $0.02 during the public sale, raising $50 million and allocating 50% of tokens to project development.

Dec 26, 2024 at 09:23 am

Key Points:

• Tokamak Network's Coin Issuance Price and Allocation
• Total Supply and Distribution of TKA Tokens
• White Paper Overview: Mission, Technology, and Vision

Tokamak Network's Coin Issuance Price and Allocation

• The initial coin issuance price (ICO) of TKA tokens was set at $0.02 during the public sale in June 2023.
• The ICO raised a total of $50 million, with 50% allocated to the project's development and 25% each to marketing and operations.
• Private investors purchased the remaining 25% of tokens at a discounted price of $0.015, providing seed funding for the project.

Total Supply and Distribution of TKA Tokens

• The total supply of TKA tokens is capped at 10 billion tokens.

• 60% of the total supply is allocated to the community through various distribution channels, including:

  • Public sale: 50%
  • Liquidity pools: 5%
  • Rewards and incentives: 5%
• The remaining 40% of the tokens are held by the project team and early investors, with vested release schedules to ensure the long-term stability of the token's value.

White Paper Overview: Mission, Technology, and Vision

The Tokamak Network white paper, "Decentralizing Finance: Unlocking the Power of Layer-3 Scaling," lays out the project's mission, technology, and vision for the future of decentralized finance (DeFi).

• Mission:

  • To create a scalable, secure, and accessible DeFi ecosystem, enabling users to seamlessly transact and interact with decentralized applications.

• Technology:

  • Introduction of a layer-3 scaling solution, Tokamak Rollups, which allows for parallel processing of smart contracts and orderbook transactions, significantly increasing transaction throughput and reducing latency compared to traditional Layer-1 and Layer-2 solutions.

• Vision:

  • To foster a vibrant DeFi ecosystem where users can instantly access a wide range of financial services, including lending, borrowing, trading, and derivatives.
  • To create a user-friendly and intuitive platform, enabling both experienced and novice users to navigate the complex world of DeFi.

FAQs

Q: What is the utility of TKA tokens?
A: TKA tokens are used for transaction fees, staking to secure the network, and governance, allowing holders to participate in decision-making and shape the future direction of the project.

Q: How can I purchase TKA tokens?
A: TKA tokens can be purchased on cryptocurrency exchanges, such as Binance, Huobi, and OKX.

Q: What is the tokenomics behind TKA?
A: TKA's tokenomics are designed to balance the interests of community members, investors, and the project team, ensuring sustainable growth and stability over the long term.