Hi guys and welcome to another lovely day, the sky is looking blue as usual with a little bit of downpour every now and then. That said, something incredible is going on with TokenPocket and its native token called TPT.
Some few days back TokenPocket announced the launch of TPT ERC20 and man it's going wild with different users already coming in.
If you are not familiar with TPT, it's a native token of the wallet TokenPocket which currently have different use-case listed below
Use for renting CPU&NET on the EOS network
TP ads fee
TP VIP fee, and others.
Users can already trade it on Newdex, WhaleEx and other DEX, you can read more about the TPT token here https://medium.com/@tokenpocket.gm/tokenpocket-officially-launched-erc-20-tpt-a6a6d59c5568
After it launched on the ERC network, it was immediately listed on Uniswap and currently paired to ETH, this was made known via a tweet from the official TokenPocket Twitter account and also an article with steps to exchange TPT for ETH and vise-versa was written which can be read here https://medium.com/@tokenpocket.gm/tokenpocket-how-to-swap-tpt-on-uniswap-c4c50a008e4a
To clear all doubt and give users answers to questions they probably had about the token, an AMA section was created to answer all question about the token and what to expect and you can read all about it below
- Question From Maz
I would like more clarity on the details of the tokenomic with what is Burnt (with burnt addy proof) and what will be burnt.
Answer from Marcus
About this question, you can read more details here :
https://medium.com/@tokenpocket.gm/tokenpocket-officially-launched-erc-20-tpt-a6a6d59c5568
And about TPT tokenomic, At present, TPT can be used as EOS resources fee, TP VIP fee, TP ads fee, and TP Man reward.
And we will keep using 25% of our monthly revenue to buyback the TPT token and burn it.
You can always follow what's new on our TokenPocket Wallet (https://tokenpocket.pro), we will keep anouncing that monthly. And you can follow our twitter as well : https://twitter.com/TokenPocket_TP
- Question from Maz
What is the team holding? Structure of the whole tokenomics please.
Answer from Marcus
TokenPocket Token (TPT) is a multi-chain Token, and we issued the token on EOS first, so mainly supply is on EOS, and you can always follow this link to check the number of holders and what we hold. https://eosflare.io/token/eosiotptoken/TPT
about the tokenomics, you can see the above answer, thanks
- Question from Crypto Fugasi
Who provided the liquidity for TPT in uniswap? Is team or some other investor?
Answer from Marcus
The initial liquidity for TPT is provided by TokenPocket Foundation.
- Question from The Morning
Is liquidity locked?
Answer from Marcus
The total circulating supply is about 3.615 billions, and we will only release 100 millions on Etheruem now, the rest of ERC20-TPT was locked up. At the meantime, we also locked up 100 million TPT on EOS. To ensure that, the total supply on all chains is 3.615 billion
- Question from The Morning
Also, can you show us that liquidity is locked?
Answer from Marcus
Absolutely. ERC-20 TPT has a circulating amount of 100 million and the remaining 5.8 billion is locked. (Address: 0xa12B3ea3785d9229941bde3e9A446a14A664b5bb )
- Question from Denzel Washington
How are there such few holders?
Answer from Marcus
The holders on EOS is about 65,968. And we just released the ERC20-TPT, and we believe that with the hard work we did and will do on Etheruem, we will gain more and more holders. You can always check the number of our holders on EOS through this link : https://eosflare.io/token/eosiotptoken/TPT
- Question from RaAres
There was no presale ? just team tokens
Answer from Marcus
TokenPocket Foundation has done IBO (initial bancor offering) on EOS, and there was no presale on Etheruem. And currently the initial liquidity is offered by the TokenPocket Foundation.
- Question from Victor
What was the ico price?
Answer from Marcus
TokenPocket Foudation did a IBO, and the price was 0.000538 EOS/TPT
- Question from Tony Stark
How much is the total supply ?
Answer from Marcus
The total supply is 3.615 billion on all chains now. And mainly supply on EOS, and we will lockup the EOS-TPT if we supply tokens on other chains, for an example, we supply 100 million on Etheruem, so we lockup 100 million on EOS
- Question from AP
How much of the token supply will be burnt on 00x4161725D019690a3E0de50f6bE67b07a86A9fAe1?
Answer from Marcus
It depends on how much token we will burn next month, and we will annouce that the next month. For more details, please read here : https://medium.com/@tokenpocket.gm/tokenpocket-officially-launched-erc-20-tpt-a6a6d59c5568
- Question from Zendetta ||| Ampleforth
Why ethererum then? If your supply is mostly on EOS? What will holders of TPT on eth get? how are they going to benefit from the tokenomics?
Answer from Marcus
The benefit of ETH-TPT holders will be the same as the EOS.
we will keep developing the Etheruem wallet features, and provide better UE/UX for our users.
We will provide exclusive features for TPT holders.
We will buyback the ETH-TPT monthly, and we will announce more details later
If we have any airdrop or candies, TPT holders will get the priority to get that
we will keep adding more benefits for TPT holders
- Question from KimDamyun🥖
Will the remaining supply be unlocked and if so when?
Answer from Marcus
For now, we will only supply 100 million TPT token on Etheruem, for the left token, they were locked.
And to unlock or not, we will start a voting, it will be decided by all the ETH-TPT holders.
That was all on the AMA, and with few minutes left, the room was made available for follow up questions
- Question from Zendetta ||| Ampleforth
Sorry I hae a followup question to mine ^^^ ... will there be a bridge for TPT holders on EOS, to eth.
Answer from Marcus
yes, we will limit up to 50 million EOS-TPT to swap to ETH-TPT.
That means, among the total supply of 100 miliion TPT, the TokenPocket Foundation will only offer 50 millions only, the left 50 million will be swapped by EOS-TPT holders.
- Question from Maz
I think we have a difference of understanding in the meaning of 'Lock'? May I know what do you mean that these tokens are locked? As I don't see anything special in that addy
Answer from Marcus
Locked, means it won't be supplied
- Question from Dian Adrianie Sutejda
Can you tell us which TPT analytics playground use cases will be the most popular?
How can it help developers in that industry?
Why do you think your project needs the blockchain at all and more specifically why its own token?
Answer from Marcus
We are a wallet, which believes the decentralized and blockchain will change the world.
And TokenPocket Token is much more like a link for users, developers and wallet
So, every holder on Etheruem, is also the voter to decide whether to unlock or not
that's another benefit for ETH-TPT holder
- Question from Faiza RM Engkus
Sir, What difficulties are you faced or facing to bring partnerships or mass adoption, while blockchain seemed as a scam in the common people? How are you going through this?
Answer from Marcus
Blockchain is not scam, it should be the impression years ago.
Nowadays, JP Morgan and many other big organizations joined this industry, do you think they join to scam ?
The difficulties would be, how we make it no barriers for common people and let them know that they can trust blockchain.
We used many blockchain features to reduce the barriers of entering the blockchain, and we are trying our best to reduce concepts of blockchains. Which will help you feel like using the traditional internet product but not a blockchain product
You will find the blockchain service is so easy, but not complex.
The AMA ended with answers provided to all questions, but if you have any after reading the above, pls join our various communities to ask
Cross-posted from https://medium.com/@tokenpocket.gm/ama-on-tpt-the-tokenpocket-token-f40adeadfcc3