Ever wondered why coins and tokens exist?
I mean what is the idea behind Tokenization or Token-economics. Tokenization is mostly referred to as the inherent aspect of a blockchain technology, used for the purpose of accessing and identifying a platform/project.
Every Blockchain platform is powered by tokens, they are also referred to as coins. Bitcoin, Litecoin, Dash, and other currencies are referred to as tokens because they function over a Blockchain technology. However, tokens can represent money, and they can also represent other valuable things. In other for the market price of a token to be determined, there has to be demand in the blockchain product that the project is offering. This explains the reason why different coins are tagged with different prices, for example, Ethereum is more accepted than Litecoin, and it is readily more valuable.
As much as these tokens represent the identity of their respective Blockchain projects, with permission to every service or solution provided by their inhabited platforms, they also serve as digital assets and opportunities for investment depending on the value placed on the platform by the community. Cryptoeconomics has brought about the designing of Initial Coin Offerings (ICO), a mechanism for token distribution according to a give sale and structure of ownership.
Although there is no perfect ICO, but an ICO can be strictly engineered to be launched successfully when you have an accomplishable business model with a productive future.
The Trade Token (TIO)
Trade.io, an exchange platform based on blockchain technology that aims to build a first class ecosystem, not only for trading cryptocurrency and other financial assets but will also involve offers of Forex and CFDs over precious metals, oil, commodities, indices and many more.
The Trade.io Trading exchange has also involved tokenization process to their project with a coin "Trade token" TIO which will fuel most activities in the trading platform. The token will be used for utility purposes on the trade.io exchange for almost all transactions and participation in shared liquidity for the "Liquidity Pool" members.
ICO Details And Token Distribution.
The project had a successful Initial coin offering which ended in January 2018, with over $31 million raised. However the team has been putting in hard work to meet up with all the products, services and technologies that were promised to all valued community and TIO holders. Details of Token sale are below:
Ticker: TIO
Token Type: Utility-token
Accepted Currencies: ETH
Country: Switzerland
Pre-sale.
Pre-sale start date: 06 Nov 2017
Pre-sale end date: 24 Nov 2017
Pre-sale token supply - 200,000,000
All unsold tokens during the pre-ICO were moved and sold during the ICO.
Crowd Sale.
ICO start date: 06 Dec 2017
ICO end date: 03 Jan 2018
ICO token supply: 500,000,000
Soft cap: 5,000,000 USD
Hard cap size: 135,000,000 USD
Raised: 11,293,000 USD
All unsold tokens after the crowdsale were burnt.
Token distribution
55% - for PRE-ICO and ICO
20% - Founders & Developers
11% - Reserved Tokens
10% - Tokens for Liquidity Pool
4% - Advisors and Vendors
Funds allocation
23% - Acquisition & ip’s
20% -Licenses
20% - Operations
18% - Liquidity pool
7% - Development
9% - Seed and venture fund
3% -Legal, audits & advisory
The Trade Token serves as a store of value with high probability of valuable growth as the platform, it is also a utility token used for large sum of transactions on the trade.io exchange. With the aid of investment banking on the platform, the token will have various assets invested in it, differentiating it from other cryptocurrencies that their values are determined by the cryptocurrency market fluctuations.
For an access to the Liquidity pool, you need to posses the Trade token in your wallet which acts as a coupon for membership. Pool participants can make deposits in either fiat, crypto, and other remarkable assets.
Users are required to keep your trade tokens in your wallet without touching them, this will be the only way to get paid from the liquidity pool. ICO projects and other free tokens that will be listed on the exchange will also have their TIO in lock-down, all this procedures will lead to the increase in value of the token.
Conclusion.
With all the services the Trade tokens are capable of rendering, the token could be define a one with inherent potentials. The token is different from other tokens on the coin market capitalization, and it look very attractive as the future looks very bright.
Signup to Trade.io exchange: https://welcome.trade.io/
Join Telegram group: https://t.me/TradeToken
Visit the following Trade.io Links for more Information:
Website: https://www.trade.io/
Twitter: https://twitter.com/TradeToken
Facebook: https://facebook.com/trade.io
Telegram: https://t.me/TradeToken
Medium: https://medium.com/@trade.io
LinkedIn: https://www.linkedin.com/company/11296933/
BitcoinTalk: https://bitcointalk.org/index.php?topic=2367245
Disclaimer:
The information contained within this post shall not be taken as a financial advice. I am not a financial advisor and none of your investment decisions should be carried out based on any information presented here. You can lose all of your money by investing. The information presented in this article is for educational and entertainment purposes only.
Thank You.
This project looks good from your piece
well done bro, very nice article
I wont miss out on this project
Let me read more from the whitepaper
Hi @xpency!
Your post was upvoted by utopian.io in cooperation with oracle-d - supporting knowledge, innovation and technological advancement on the Steem Blockchain.
Contribute to Open Source with utopian.io
Learn how to contribute on our website and join the new open source economy.
Want to chat? Join the Utopian Community on Discord https://discord.gg/h52nFrV
Promising project
Sounds unique and detailed.. One to look out for.