A. WHAT IS TOKENOMIC
Tokenomy is becoming a buzzword, as are many new concepts and words in the blockchain and cryptoTech ecosystem. People are using it without knowing the real meaning.
TOKENOMY is a concatenation of Token and Economy.
The Tokenomics is the design of the token and the set of rules of the economic ecosystem where it will be used. So tokenization is then the process of transformation of accounting and asset management to represent each asset by a digital token. Tokenization increases asset liquidity and eliminates trade friction. In addition, it adds new features to an asset that was not inherent before. As a result, assets become more valuable.
The main idea is to design based on game theory and incentives, the use of the token becomes desirable by all stakeholders in the ecosystem: customers, suppliers and suppliers. promoters / sponsors of the token.
The ICO (or Initial Token Offering) space is currently the *field for unprecedented creativity and disruptive thinking, and part of this effort is directed to the design of tokenomy with the following characteristics:
Provide a significant benefit to the token users
Encourage users to be the first to use the token: an economic system centered on the consumer and not the producer.
Encourage participants to bring new users into the ecosystem
Use ICO token buyers in their "speculative" role, as something that will appreciate if the project grows
When an ITO (initial token offering) or ICO presents a token that has the above characteristics, one could say that it has a 'good tokenomy', making it a much more viable project.
How to identify good Tokenomies?
There are infinite ways to get good results, but let's summarize some models that emerge from an ICO crowdfunding:
Discount
Since the sale of a token represents the pre-sale of a future good or service, selling it with a discount on the future price of the good of service is perhaps the easiest way to encourage early adoption of the token.
Membership/exclusive access
Since the token represents exclusive access to some kind of community, the scarcity of the token will increase its value as the community becomes more and more attractive. This effect will generally encourage a quick adoption of the platform. The classic example would be a social club, and some country offices are being launched for this purpose.
Economy of the network
We are talking about Network Economics when the value of a network for its users increases exponentially as the number of users increases. Unlike the previous point, the value of this membership is based on mass adoption, not exclusivity. The cases in which the network economy applies are the social networks (Facebook, Linkedin, Twitter, ..) Insofar as the token holders are members of a decentralized network, where the owners of the token share the advantages of the network with sponsors, token holders will be encouraged to expand the network user base to increase the value of their chips.
Middleman disintermediation
Wherever there is a market place, there is normally an intermediary who pays fees by matching supply and demand. Insofar as the intermediary is more dominant, it will impose higher costs for linking it. For example, blockchain technology allows decentralized networks, tokens, and P2P (peer-to-peer) markets to change the game. Because P2P markets allow peers to interact with each other to eliminate the need for an intermediary, they are able to offer a much better economy to its users, by encouraging its adoption.
Big Data from decentralized databases
Many ICO projects are built as decentralized databases using blockchain technology. Because the project stores data from its users, this data collection becomes a valuable resource for market intelligence. In many cases, the token can be used to reward users who allow the marketing of their data, thus becoming very attractive to people who normally give their data "for free", which encourages adoption.
Internal payment systems (profitability and confidentiality)
A typical feature of the chips in many ICOs is that you can use the token as a means of payment within the platform. The use of a token as a means of payment, instead of the traditional banking system, can be very beneficial for users, especially in cases where:
(a) user penetration of banks is low (such as emerging markets),
b) you can avoid expensive international transfer fees,
c) Users value their privacy and want to avoid sharing personal / banking data.
Supply and demand of tokens
This seems to be an obvious premise, but one that must be taken into account. For the value of a token to increase over time, ecosystem growth is expected to result in an increase in token demand that is faster than chip supply.
B. SUREBANQA TOKENOMICS RATIONALE.
This presentation is a transparent gesture to educate you about the roles our Tokens and Coins plays within SUREBANQA's ecosystem to drive value and mutual prosperity. It also aims to help customers, subscribers, investors, merchants etc to make an informed decision on where to invest and diversify their Crypto Portfolio on SyncBANK Platform.
We will offer ROI % using BNQA and FEX
We will offer 1 S.E.E.D (SyncBANK Exclusive Equity Dividend) Token for every $100 you Invest or Save on SyncBANK. We want to encourage low income Investments and Savings with this gesture.
Our SyncBANK Liquidity Injector Partners (SLIPS) Share will be available for the duration of our General Public Sale (GPS) for our verified and fully onboarded Customers/Subscribers, Investors, Merchants/Stores, HumanTellers/Agents and CICOs/SMEs to Buy, Hold, Swap and Resell. S.E.E.D and all incentives relating to our equity share offering will be awarded to them.
The remainder of our Digital Initial Equity Token (DIET) be made available annually on SureX for sale to a select group of investors who owns at least $1000 worth of FEX.
SyncGOLD Coin
(SyncGOLD) and NuFiat Platinum Coin (NuFiat)* will be purely an Investment and Liquidity Mechanism that earns Return On Investment (ROI) for the holders in BNQA.
Vesting (Maturity) period in days for will be: 270/365/730 and 1460.
Minimum Investment to activate ROI is 10g of SyncGOLD.
** 100g of NuFiat.
ANTE Token will be automatically awarded for every 1 BNQA bought, held, swapped or sold.
SUREFUNDR (FUNDR) is our Token-as-a-Service (TaaS)/ Coin-as-a-Service(CaaS), Assets Tokenization, Crowdfunding and Whitelabeling Service.
For every new Clone Token of FUNDR created, SUREBANQA is credited with 25% of the new Token as Onboarding fee. 1:1 Security Bond of SyncGOLD, NuFiat, BTC or USD is also required as guarantee against pump/dump and scam.
Digital Natives Token (NATIVES) is our ERC20/ERC223 Reward Token geared to towards young people who are "Digital Natives". We will use it to incentivize and monetize our venture into AI/AR/VR/Neural Networking,V2X (Vehicle 2 Everything), Autonomous Vehicle,UAVs/Drones, Quantum Computing, Gaming, Digital Out Of Home (DOOH), Telecoms Quadplay (Telephone, Broadband, TV and Mobile Services Provision***) and IoT ecosystem. 1 NATIVES will be awarded for every $1 our subscribers spends on any or all of the above services directly from us or purchased as add-ons from a third-party on our e-Marketplace on SyncBANK.
Total Supply of NATIVES will be 810M.
21M NATIVES will be minted as Initial Supply to raise funds from SyncBANK ecosystem on SUREFUNDR for developments, partnership,trademarks/patents, prototypes, legal fees etc
The remainder will be earn as Reward/Bounty.
***Refers to the ability of subscribers to purchase mobile phone like services, as is often seen in co-marketing efforts between providers of landline services. It also reflects the ambition to gain wireless access on the go to voice, internet, and content/video without tethering to a network via cables.
Given advances in ? WiMAX and other technologies, the ability to transfer information over a wireless link at various combinations of speeds, distances, and non-line-of-sight conditions is rapidly improving. It is possible that one could never need to be wired to get any communication service, even at home.
N.B.: ZEPASS our native and cryptocurrency will explain in another content soon.
