🔵TokenSight Token
Get familiar with the TokenSight Token
The TokenSight Token (TKST) is live.
Token Address: 0x7cdbfc86a0bfa20f133748b0cf5cea5b787b182c
Token Symbol: TKST
Token Name: TokenSight Token
Decimals: 18
The TokenSight Token is fundamental part of the TokenSight services. The token is used as a foundation for building a strong user base and long term community for the platform.
The token holders are entitled to a revenue share of the platform's trading fees, as well as the token trade taxes. Additionally the token enables access to built-in incentive mechanisms, such as referral links.
After the initial bootstrapping and establishment on the market, we plan to add more utilities for the token holders, based on the amount of token holdings: reduced platform fees, access to early features, and others.
We've carefully designed our tokenomics with a goal to align all the participants and promote long term growth.
Tokenomics
The TKST token has a total fixed supply of 100,000,000 (100 Million) tokens, split amongst the team, seed investors, advisors, treasury, liquidity, and ecosystem reserve based on the following split:
Liquidity: 10,000,000 (10%)
Seed Investors: 29,700,000 (29.7%)
Team: 13,600,000 (13.6%)
Advisors: 4,000,000 (4%)
Ecosystem Reserve: 27,700,000 (27.7%)
Treasury: 15,000,000 (15%)
Vesting Schedule
The following chart depicts the vesting schedule for the tokens for each of the mentioned groups. The vesting schedule is defined to provide maximum flexibility for the token utility, boost user confidence, and promote a long-term token acquisition strategy to reap constant dividends.
The vesting schedules for each group are as follows:
Seed Investors: 6-month vesting (10% unlocked at TGE)
Team: 24-month vesting with 12-month cliff (0% unlocked at TGE)
Advisors: 12-month vesting (0% unlocked at TGE)
Ecosystem Reserve: 36-month vesting with 6-month cliff (0% unlocked at TGE)
Treasury: 36-month vesting (1% unlocked at TGE)
Seed round
We’ve raised a small seed round — $645,500 to be used for operational costs. Nearly 40% of the collected funds will be used for providing liquidity on the Uniswap V2 pool, while the rest will provide us a certain runway to enable us to make TokenSight a major success, which we fully intend to accomplish.
Fees
As of 26th June 2024, the Token tax is completely removed and disabled for further update. The token is without any token tax and will never again have token tax.
We have imposed an initial token tax of 5% for trading the token. The token tax is distributed between the token holders, the treasury and the token liquidity in the liquidity pool:
2% for the Token Holders
2% for the Treasury
1% for liquidity
The Token Tax Fees are subject to change in the future.
More details about the token launch and TGE could be found at the following medium article:
Last updated
