What Is TOKAMAK (TKMK)?
Tokenization on various blockchains is currently experiencing exponential growth in terms of its offerings and user adoption. A diverse suite of financial instruments has been introduced onto various blockchains in a decentralized, highly-accessible and trustless manner. While there is immense amount of tokens on different smart contract compatible blockchains there is an obvious lack of use case for these tokens and lack of sustaniability of the value of these tokens. As a result while most of the these speculative fungible or nonfungible tokens are doomed to be vanished over time, TOKAMAK aim to have a token with sustained value.
TOKAMAK Storage Key Points
| Coin Basic | Information |
|---|---|
| Coin Name | TOKAMAK |
| Short Name | TKMK |
| Circulating Supply | 70,000,000.00 TKMK |
| Total Supply | 500,000,000 |
| Source Code | Click Here To View Source Code |
| Explorers | Click Here To View Explorers |
| Twitter Page | Click Here To Visit Twitter Group |
| Whitepaper | Click Here To View |
| Support | 24/7 |
| Official Project Website | Click Here To Visit Project Website |
Current Bottlenecks
As most popular fungible and non-fungible tokens exist on the Ethereum blockchain, there are multiple inherent issues that make decentralized trading inaccessible for most users.
- High gas fees: At the time of writing, it costs over $100 to provide liquidity
to an AMM pool, farm the LP token and harvest the reward. - Speed: As the number of users grows rapidly, the underlying blockchain is
increasingly congested. A user performing the above transaction would have
spent on average 30 minutes waiting for it to complete. - Sustainable value: As most tokens created on smart contract compatible
blockchains are speculative and has zero value because lack of use
case/utility and they’re not backed by any valuable entity there is a need of
tokens with strong value protecting mechanics.
What is Tokamak?
TOKAMAK is a token built on the Solana blockchain which aimes to be easy accesable token with various use cases/utilities to enable easy trading, create shared liquidity via different smart contracts and features for earning yield. Solana was chosen as the underlying blockchain to allow for low-cost and high-speed transactions. It is a high-performance, permissionless blockchain based on Proof of History (PoH). [1] As of writing, it can handle 65,000 transactions per second with 400 millisecond block times. The protocol is designed to scale together hardware and bandwidth improvements, with capacity expected to double every 2 years.
Buy & Burn Mechanism
TOKAMAK token aims to be deflationary for further benefit to it’s holders by realizing some profits made with it’s treasury, and buy back a sum of TKMK tokens back from the market with gains made and burn them. By decreasing it’s supply we aim to have further mechanism to sustain and boost it’s value. Getting backed by a wide range of tokens, coins and NFTs is making Tokamak token a non speculative strong token with self value.
The information set forth below may not be exhaustive and does not imply any elements of a contractual relationship. While TOKAMAK make every effort to ensure that any material in this Lite Paper is accurate and up to date, such material in no way constitutes the provision of professional advice. Tokamak Token does not guarantee, and accepts no legal liability whatsoever arising from or connected to, the accuracy, reliability, currency, or completeness of any material contained in this Lite Paper.
Tokamak Token
Participants and potential token holders should seek appropriate independent professional advice prior to relying on, or entering into any commitment or transaction based on, material published in this Lite Paper, which material is purely published for reference purposes alone. Tokamak Token will not be intended to constitute securities in any jurisdiction. This White Paper does not constitute a prospectus or offer document of any sort and is not intended to constitute an offer of securities or a solicitation for investment in securities in any jurisdiction.
TOKAMAK Token does not provide any opinion on any advice to purchase, sell, or otherwise transact with Tokamak Tokens and the fact of presentation of this Lite Paper shall not form the basis of, or be relied upon in connection with, any contract or investment decision.
