TokenSight emerged from a simple yet powerful idea: to make DEX trading more accessible and beneficial for everyone involved.
Today, we are excited to introduce the mechanics and design of our token, which is a fundamental part of our App, but it is also a foundation for building a strong user base and long-term community for the platform.
By holding tokens, users are entitled to receive a revenue share of the platform’s trading fees and also a percentage of the token trading taxes (see below).
Additionally, the token enables access to built-in incentive mechanisms, such as referral links.
After the initial bootstrapping and establishing a position on the market, we plan to add more utilities for the TokenSight Token (TKST) holders, such as:
- reduced platform fees
- access to early features
- and more
We’ve carefully designed our tokenomics to align all the participants and promote long-term growth.
Token details:
- Token name: TokenSight Token
- Token symbol: TKST
- Decimals: 18
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%)
The Treasury tokens are earmarked for the long-term operations of the projects, including future team expansion, marketing, and more.
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.
Why are we not doing a “Fair Launch”?
People too often fail to see how Fair Launches are a massive gamble that can too easily go wrong.
Fair Launches are:
a) not truly fair, as the team gets to silently front-run everyone on tiny liquidity
b) very high risk for the teams as they have no funds for runway, have to front up the LP themselves, are forced to dump tokens for funding, and may fail to secure enough tokens during the launch to make it sustainable.
We look at TokenSight as a long term project, thus ensuring a proper runway is of paramount importance to deliver a superior product.
We have high ethical standards and we will not bot our own token. There fairest launch is a launch with a very large liquidity pool, and that is precisely what we are doing
TGE and DEX Listing
The Token will be launched on Saturday, 28th of October, between 11 AM and 12 PM EST. This time was chosen to accommodate people across all time zones. The token will be listed on Uniswap V2.
The initial total liquidity is set at $500,000, divided equally between ETH and TKST:
- ETH valued at ~ $250,000*
- 10,000,000 TKST
The initial price per token will be ~$0.025, where our seed investors got in at a slight discount of 15.03%, at $0.02173.
The initial market cap for the token is set at ~$328,000, with a seed fully diluted value (FDV) of $2,173,145 and an initial fully diluted value (FDV) of ~$2,500,000.
The Contract Address will be announced on our official social media channels immediately after trading on Uniswap V2 is enabled. The Contract address will not be disclosed in advance to anyone else. This is done to minimize the impact of sniping bots and ensure fair competition for non-sophisticated traders, who don’t use trading bots.
*The initial price per token may fluctuate slightly due to the liquidity pool being seeded with ETH and TKST. Therefore, based on the fluctuations in the dollar value of ETH, the price may be slightly higher or lower. This difference arises from the timing of purchasing and seeding the ETH liquidity.
Anti-bot measures
Due to the presence of many commercial and non-commercial bots, we’ve added a few anti-botting measures in the contract to level the playing field, and make the token listing as fair as possible for investors.
Anti-bot measures:
- Individual address can buy/sell maximum 1% of the total supply at once (removed after ~1 hour)
- Individual addresses can hold maxium 1% of the total supply (removed after ~1 hour)
- Blacklist function, with a renounce blacklist function
- A higher percentage of initial buy and sell tax: 40% for the first ~5 minutes; after ~5 minutes taxes drop to the baseline of 5%
Token Taxes
For the first ~5 minutes after the trading is enabled, the buy and sell taxes will be set to 40% according to the following split:
- 2% for the Revenue Share Reserves (TKST Token Holders)**
- 37% for the Treasury
- 1% for Liquidity
After approximately 5 minutes, the team will manually adjust the buy and sell taxes to 5%. The maximum limit for token taxes is capped at 5% in the long term, meaning that reducing token taxes is the only possibility.
Following the initial high tax period, the token taxes will be set to 5%*. These taxes will be distributed among the revenue share reserves, the treasury, and the token liquidity in the liquidity pool:
- 2% for the Revenue Share Reserves (TKST Token Holders)**
- 2% for the Treasury
- 1% for Liquidity
*Please note that the Token Tax Fees are subject to change in the future.
**When the platform goes live at the end of November 2023, the Revenue Share Reserves will be claimable by TKST Holders. The exact mechanics and eligibility criteria for the revenue-sharing reserve will be announced soon.
The Future of TokenSight
We have designed the Tokenomics to align the best interests of all participants, with a particular focus on the TokenSight DEX Trading Platform users.
As we approach the platform release on Ethereum Mainnet, scheduled for the end of November 2023, we are confident that these measures will cultivate a thriving user base, propelling us towards making DEX trading more rewarding for all those involved.
For additional information about TokenSight, please refer to our Medium posts and join our community channels.