Tokel is a platform designed to make it easy for anyone to create, hold and trade NFTs and tokens.
The Tokel platform has launched as a Komodo smartchain, an utterly independent blockchain that implemented the Antara Modules (formerly known as CryptoConditions) from the Komodo platform.
What is Tokel?
According to its dev team, the Tokel architecture will give token projects access to an open-source and ready-to-use ecosystem in which they can develop, create, manage, and use their own tokens in any way that fits their demands.
Gas fee is always a big concern, especially with ETH and other token platforms. But with Tokel, there will be no gas fees associated with this platform. In addition, TKL-coin holders have the ability to create tokens while conducting transactions on the blockchain.
Tokel is a decentralized token platform that is currently in development. Tokel will provide end-to-end token solutions for fixed supply and non-fungible tokens (NFTs) based on the Komodo Technologies platform as the underlying technology foundation.
These should make it easier for art and token creators to launch successful projects without the need for intervention from a centralized authority.
In order to help open-source applications, projects, and businesses take advantage of token economics, Tokel will provide knowledge, information, and assistance to these organizations.
Tokel is built using Komodo’s smartchain technology and launched as a standalone blockchain. The Tokel network has its own blockchain and associated hashrate, integrating the Proof-of-Work algorithm.
The UTXO-based Tokel network doesn’t support smart contract functionality through transactions. Komodo’s security services, delayed-Proof-of-Work, will act as a safeguard against 51% attacks.
The chain adopts Komodo’s smart-UTXO features and also includes Antara Modules. The modules developed by this project will be used to construct the token platform, provide projects with access to cutting-edge existing technologies, and enable projects to create their own unique applications.
Tokel Coin ($TKL)
Tokel coin (TKL) is the utility coin and its role is to generate token value through the usage of the tokenDEX and NFT marketplace.
To generate new tokens or complete token trades, all the tokens must be kept in a single wallet. Each token transaction decreases the supply of TKL by one satoshi to the theoretical maximum of roughly 2,001,700,700,000,000,000 tokens on the platform.
That said, the fewer tokens are in circulation, the lower the total TKL. As a result, deflation of TKL can be accomplished. These fundamental characteristics contribute to the TKL coin’s value.
Coin Emission Schedule
- Initial supply: 100 million
- Total supply: 200.17 million
- Starting block reward: 42.5
- Block reward reduction period: Every 525600 blocks (roughly every year)
- Reduction amount: 23%
Under half of the total coin, supply will be premined when Tokel is launched. About 60% of these TKL will be provided to the community in various ways, while the remaining 40% will be given to the team.
- Initial adopters allocation: 20 million TKL
- Early adopters allocation: 20 million TKL
- Trading incentives/liquidity allocation: 10 million TKL
- Incubation/development/bounty allocation: 10 million TKL
- Team allocation: 40 million TKL
- Total: 100 million TKL
What Tokel Offers
By leveraging existing Komodo Technologies, Tokel will lay a solid foundation on which token projects can be launched and thrive in the future. This will be accomplished by developing end-to-end token solutions for tokens with a fixed supply and non-fungibility (NFTs).
For projects and businesses looking to take advantage of token economics or token applications, this encompasses everything from the blockchain architecture to information, assistance, and open-sourced applications.
Projects and businesses can also benefit from the streamlined token creation processes, integration of token explorer and wallet functionality, trade on the decentralized exchange immediately, and effective use of the NFT marketplace, among other features.
The main features of Tokel include:
With the Coin Wallet, users are able to maintain complete control over their private keys and keep track of their coins.
The token explorer integration enables access to knowledge and essential information of each token on the Tokel blockchain.
Built-in tokenDEX allows holders and traders to trade their favorite tokens on the blockchain.
An all-in-one token wallet that allows users to keep track of every token on the blockchain.
Tokel will build an one-of-a-kind NFT marketplace where participants have the ability to buy, sell, hold, own, and send cryptocurrency.
Any token with a supply of one is eligible to be listed on the exchange. What’s more? Fees are lower than on any other platform, alongside its ease of use.
Token Creation Tool
For those who are enthusiastic in making personalized tokens. It’s now simpler than ever. Members can create a token in seconds with the help of the token creation tool. Everything should be tokenized.
Advantages Of Creating Tokens With Tokel Creation Tool
The token creation tool is open for anyone joining the Tokel platform with no requirements for creating and maintaining your own blockchain.
The platform features an accessible and straightforward graphical user interface (GUI) for token usage, management, and creation. In addition, the use of the TKLTEST chain is entirely free to test any token or Antara Module before their launch or integration.
Your token will be integrated into your token wallet immediately.
At the same time, a rapid implementation of token explorer will also be provided for your token. Thanks to the fact that Tokel is protected by distributed Proof-of-Work, your token is safe from 51% attacks.
Your tokens are protected by the hashrate of Bitcoin, which uses KMD delegated proof of work technology. Thanks to Tokel’s built-in integration with the tokenDEX and NFT marketplaces, your tokens will be available for sale immediately after creation.
Token exchange partnerships open the option for your token to be listed on a centralized exchange. The exchanges are only required to maintain the Tokel chain to access every single token on the chain.
The Team at Tokel
Details about the Tokel project’s development team are still a question. However, with the announced partnership with Komodo Platform – a longstanding cryptocurrency in the cryptocurrency market.
The project holds the promise of growing and standing firm beyond expectations.
Focused on security and user privacy, Komodo blockchain inherits the characteristics and strengths of both cryptocurrencies, Zcash and Bitcoin. The blockchain has been becoming one of the fastest, most secure and decentralized ecosystems.
The project is currently in Phase 3 (started in July). During this phase, the project is focused on Tokel IDO, Token Wallet Launch and Community Engagement.
Tokel will use AtomicDEX to conduct an IDO. Early adopters can purchase and use the Tokel app to contribute to the Tokel Platform’s development.
A successful IDO will help contribute to the platform’s ongoing success. With the launch of Token Wallet, users can interact with all the tokens available as well as store, send and receive their favorite tokens.
The team also aims to provide quite a user-friendly experience for Tokel’s participants so they want to make sure that the community gets all the information and assistance they need.
Along with the platform development, community engagement is evolved with clear marketing direction, user-friendly interface and instant, consistent support and guidance.
To learn more about Tokel, or to dive into its whitepaper, please click here!
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Author: Nicholas Say