Token Distribution

Our initial exchange offering (IEO) will be for the TOK Coin, an exchange-utility token. 

There are a couple of reasons that an IEO makes sense for our project. First, since we are an exchange aggregator, the IEO can serve as a great marketing tool to get the Tokenplace name out there to potential users who are already participating on crypto exchanges. On top of that, distributing TOK to early investors is a good way to jumpstart some exchange volume for the coin, making it more useful as a liquidity tool in our smart trading engine. 

Below are the specifications of the TOK Coin supply and the conditions of the IEO. 

Token Information

Name: TOK Coin

Ticker: TOK

Token standard: ERC20

Initial price: $0.01

Total supply: 250,000,000 TOK 

Total tokens for sale: 150,000,000 TOK

IEO Round 1

Token for sale: 50,000,000 TOK

Percentage of total tokens: 20%

Token price: $0.01

Total amount to be raised: $500,000

Percentage of total value to be raised: 22.22%

Bonus for early investors: 13% of total invested

Lockup period: Until IEO Round 3 is completed

IEO Round 2

Token for sale: 50,000,000 TOK

Percentage of total tokens: 20%

Token price: $0.015

Total amount to be raised: $750,000

Percentage of total value to be raised: 33.33%

Bonus for early investors: 7% of total invested

Lockup period: Until IEO Round 3 is completed

IEO Round 3

Token for sale: 50,000,000 TOK

Percentage of total tokens: 20%

Token price: $0.02

Total amount to be raised: $1,000,000

Percentage of total value to be raised: 44.44%

Bonus for early investors: 5% of total invested

Lockup period: Until end of IEO Round 3

In total, there will be 150,000,000 TOK sold through the 3 investment rounds, representing 60% of the total token supply. An additional 5% of the total token supply will be awarded as bonuses for early investors. 

Of the remaining 87,500,000 TOK, 55,000,000 will be withheld from circulation as a reserve. This will play an extremely important role in the Tokenplace trading platform because it will be used to provide liquidity to the users, as described earlier in Section 3.2. Also note that any tokens which go unsold after the three IEO rounds will be sent to our liquidity reserve.

The complete token distribution can be seen in the figure below.

Figure 4: Total token allocation assuming hard cap is reached

Additionally, we will always have the option to use revenue in a “buyback and burn” program for TOK, similarly to Binance’s program for their BNB token. This gives us an extra tool for balancing the token economy of the whole project. At the same time, we can use revenue to buy back tokens and add them to our liquidity pool rather than burn them, which we would consider if we believed that such an action would be more beneficial for our users.

Can’t find what are you looking for?

No worries! Contact us and our team will care about you.

Contact support team