TXP & Treasury Rewards Engine
Overview:
The TokeoXP (TXP) Rewards Engine is designed to drive user engagement and reward the community of both the users of Tokeo and holders of $TOKE deployed initially on the Cardano blockchain. The token incentivizes active participation within the Tokeo ecosystem, offering rewards for a variety of activities, including swapping, trading NFTs, referring friends, setting up wallets, and staking $TOKE.
Through these interactions, users accumulate TXP rewards, which can be redeemed for ADA (on a monthly basis for the first year) and other tokens/stablecoins in subsequent years.
TXP Rewards System:
Tokeo's TXP Rewards Engine encourages users to interact with the platform while simultaneously supporting Tokeo’s overarching vision. Activities that reward users include:
Swapping Tokens
Trading NFTs
Referral Programs
Wallet Setup
Holding and Staking $TOKE
As users participate in these actions, they earn TXP, which can later be converted into ADA and other various tokens as the platform gains momentum
DePIN Partners and Integration:
Tokeo simplifies DePIN (Decentralized Physical Infrastructure Networks) and DeFi for everyday users. The TXP Rewards Engine ensures users receive regular monthly rewards for staking $TOKE and engaging with the Tokeo platform.
Through strategic partnerships with leading DePIN projects, Tokeo enhances its rewards ecosystem by integrating decentralized infrastructure with the DeFi space. This synergy enables users to access rewards from Tokeo’s DePIN partners, increasing the value provided to the community.
Project Funding and Rewards Payment:
Initially, Tokeo will fund the ADA rewards payments from its own reserves, which will be recouped once returns are realized from its DePIN projects. Tokeo aims to maintain a secure and consistent 20% APY for users.
Key Considerations:
Rewards are subject to adjustments based on factors such as ADA raised in the IDO, ADA price fluctuations, platform performance, and partnership success.
A quarterly review of reward payments will be conducted to ensure accuracy and sustainability.
After two years, rewards and governance will transition to a DAO (Decentralized Autonomous Organization) structure, empowering the community to participate in decision-making.
“Stated returns” are the rewards available to the “Power Users”, based on the funding raised.
Annual Rewards from DePIN Partners:
Tokeo has partnered with several DePIN projects that provide annual or milestone-based rewards for long-term commitments, including contributions to decentralized storage, computing power, and mobile network services. Notable partners include:
Iagon: Annual rewards for contributing storage or computing power to blockchain-based cloud solutions.
Nuvola: Rewards for decentralized storage contributions.
World Mobile Token: Rewards for mobile network services or hosting nodes.
House of Titans: Rewards for computational resources or governance participation.
User Experience with Tokeo:
Charles, an active user of Tokeo, exemplifies how individuals can engage with the platform and earn rewards. Below is a summary of his experience:
Initial Setup and Engagement:
Charles backs up his wallet and completes his first transactions, earning TXP for these activities.
He engages with the platform by making swaps and setting up a public profile, further accumulating TXP.
Participating in the TOKE Sale:
Charles purchases 20,000 ADA worth of $TOKE during the token sale, taking advantage of the lower price.
He then stakes 50% of his $TOKE into the Toke Token Stake Vault to earn additional TXP rewards.
Staking and Earning Rewards:
As Charles continues to use Tokeo, he earns TXP through daily activities and staking rewards.
By the end of the month, his total TXP accumulation amounts to 31,000 TXP, which he can redeem for 172 ADA.
Charles's participation exemplifies the financial rewards users can unlock by engaging with the Tokeo ecosystem, further driving adoption and liquidity within the Cardano blockchain.
TXP Redemption and Distribution:
The TXP system ensures rewards are distributed equitably across users, based on their engagement and staking levels.
Reward Distribution:
Power Users: Users who stake their $TOKE in the Vault, receive priority payment from the rewards pool, including any deficits covered by reserves for the “Stated Return”.
Regular Users: Monthly payouts are distributed based on TXP earned through activity and staking.
Initially, Tokeo will front the reward payments using its own ADA reserves, which will be later recouped once the select DePIN projects are producing returns. To ensure sustainability, Tokeo will allocate 25% of its monthly revenue as a "Fee Allocation" for distribution purposes. Any unused portion of the Fee Allocation will be transferred to a "Fee Reserve" for future payouts.
When rewards from DePIN partners are received in the form of tokens, they will be used as the monthly payout to users. If the total rewards exceed the amount required to meet the promised returns, the excess will be stored in a "DePIN Reserve" for future use. In the event of a shortfall, the deficit will be covered in the following order:
From the DePIN Reserve
From the current month’s Fee Allocation
From the Fee Reserve
If these said reserves are insufficient, the remaining deficit will be covered by cash reserves, which will include both the remainder of 75% of the fees generated in that month.
Priority for reward payments will be given to Power Users as per the "Stated Return" model. DePIN rewards will be used exclusively for payments to Power Users or for building reserves for future Power User payments.
The Fee Allocation will be divided between Power Users and Regular Users, but it will first be used to cover any deficits in the "Stated Return." Any remaining Fee Allocation will then be distributed among Regular Users based on the amount of TXP they have earned.
At month’s end, TXP balances will reset to zero. Past TXP balances will remain accessible on the dashboard for users to redeem at any time.
The ratio of payouts between Regular Users and Power Users cannot exceed 1:25, and will only increase as Tokeo’s transaction volume grows to support the increased distribution. Regular Users’ TXP accumulation will be directly influenced by the amount of $TOKE tokens they hold.
TXP Redemption Process:
Users must complete specific actions, such as wallet backups and theme settings, before being eligible to stake $TOKE in the Vault and redeem TXP for rewards.
Fees: A nominal 5 ADA fee is charged for staking $TOKE.
Reward Levels for Staking $TOKE:
Users will receive rewards based on their staking level, categorized as follows:
Tokeo Treasury Investment:
Tokeo is pleased to launch its Treasury Rewards Program, providing $TOKE holders exclusive access to rewards from DeFi and DePin opportunities.
With a commitment to invest up to 1/3 of funds raised from its IDO on sell-out, Tokeo will drive strategic growth initiatives and empower innovative projects within the Cardano ecosystem.
Our program combines strategic partnerships with a rewards mechanism paid to $TOKE holders monthly.
Program Pillars:
25% of the net fees from Tokeo platform activity
Strategic partnerships with high-growth DeFi and DePin projects
Exclusive opportunities for $TOKE holders not available OTC with leading projects
Rewards mechanism for token holding and staking
Community governance and transparency
On that note, we are excited to announce our Reward Partners:
Rewards Partners
Tokeo has partnered with leading DeFi / DePin projects to provide exclusive access to bespoke products and yields:
IAGON, a cutting-edge decentralized data storage and computing network on Cardano, has partnered with Tokeo to offer a unique rewards opportunity. This collaboration combines IAGON's expertise in decentralized data solutions with Tokeo's advanced treasury strategy, providing $TOKE holders with attractive yields and enhanced growth potential.
World Mobile Token, a revolutionary blockchain-based mobile network, has partnered with Tokeo to offer a groundbreaking investment opportunity.
This collaboration combines World Mobile's expertise in decentralized mobile infrastructure with Tokeo's investment expertise, providing $TOKE holders with exposure to a transformative telecoms ecosystem and attractive growth potential.
NUVOLA, a pioneering cross chain depin aggregator and client service. Who will enable generation of rewards from a variety of depin avenues. This partner will enable for sustainable rewards generation over a extended period of time feeding into the $TOKE rewards pool.
House of Titan's mission is to offer investors effortless access to passive revenue rewards through DePIN, BTC mining, and various investment opportunities. By breaking down high barriers to entry, they make it possible to earn rewards conveniently from your home or mobile device.
Stay tuned for more information regarding the treasury management strategy.
Conditions:
The TXP rewards program is reviewed every 3 months and any amendments are outlined to the community. Changes are considered based on fluctuations in partner performance, stability, ADA rates and the performance of $TOKE.
The TXP rewards program will become effective on January 1, 2024,
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