One of the important things an investor checks before investing in a certain project is to thoroughly go through the project tokenomics to know how the token will be disbursed likewise what the team aim to do with unsold token which is why today’s content will be based on TOKOIN tokenomics.
It’s not new to most of us that TOKOIN was the fifth Spotlight IEO on KUCOIN which is also currently ranked as the #2 best ROI IEO on Cryptorank.io leading other token like Matic, Celr, HarmonyOne and the likes. TOKO is an ethereum compliance token (Erc-20) with a total supply of 2,000,000,000 TOKO, out of the 100% total supply, the team plan on using 35% of it for sale with the softcap of $8,000,000 and hardcap of $25,000,000 which were both achieved. The TOKOIN sale comprises of different stages ranging from Private sale, flash sale and IEO sale. The private sale had five different phases at five different price, from 0.027$ - 0.03$ - 0.036$ - 0.040$ and finally 0.045$, the Flash sale was at 0.054$ while the IEO sale was at 0.02$. The private sale has a vesting period where 0.14% was unlocked when TOKO got listed on Kucoin and the remaining is planned to be gradually released over the next 11 months while the flash sale vesting period has been released.
Moving on from the sale supply, the team plan on using 40% of the initial 100% total supply for Industry fund, another 10% for treasury while the team who are the core brains of the platform with early contributors have 10% allocated to them and finally we’re left with 5% of the total supply which is allocated to the Advisors. Summing up everything starting from 35% + 40% + 10% + 10% and 5% gives a total sum of 100% which now shows glaring how the TOKOIN supply will be disbursed.
Most of you must be wondering where will the funds made from the Token allocation goes to? What makes TOKOIN stands out among its peers is the project TRANSPARENCY which is why the team has put down how they plan on using the funds made. Firstly, half of this funds which is 50% will be used for Project Development which is the essential element in the TOKOIN ecosystem, among the development phase is the launch of Dapps on Mainnet, launch of the Tokoin POS system, expansion of pilot hyper-local operations to Thailand etc. Next is the Marketing and BD where 35% of the funds raised will be used, we all know in attaining a greater height beyond the crypto space marketing is an essential necessity to help succeed. Also there’s the 10% allocation for the Operations, to keep the platform running some certain operations needs to be going on underground this is because the TOKOIN ecosystem is an open operation source where different business owners might want to join at any time. On final note is there’s the 5% funds allocated for Reverse, this is just like an insurance but it’s being insured by the TOKOIN team incase of any unforeseen situations which might come up along the way in future. Also summing this up from 50% + 35% + 10% and 5% gives a total of 100% funds allocated which is visible to the world.
On final note as an investor, we always want know about our investment circulation, marketcap and the likes and to check all this such coin / token needs to be listed on coinmarketcap which is why Tokoin is now listed on Coinmarketcap and about 60% of the total supply information can also be found on cmc with more updates coming soon.
For more information about Tokoin, visit the following links below:
Website: https://www.tokoin.io/
Twitter: https://twitter.com/TokoinOfficial
Facebook: https://www.facebook.com/TokoinOfficial
Telegram: http://t.me/tokoinglobal
Instagram: https://www.instagram.com/tokoinofficial
Author’s Telegram ID: Ucheman
Author's bitcointalk url: https://bitcointalk.org/index.php?action=profile;u=2528525