@everyone

We finally made it to CMC.

https://coinmarketcap.com/currencies/tokel/

https://discord.com/channels/774497890025472010/807859586568421377/923737288289169448

Tokel Talk has been listed on Apple Podcasts with the help of community member @AhmedDhaif who was also the winner of the bounty.
https://podcasts.apple.com/us/podcast/tokel-talk/id1598762562

https://discord.com/channels/774497890025472010/807859586568421377/917222339597434911

Development update
Hello @everyone !

We are holding a steady course and have released another version of the app with bug fixes. The update is highly recommended, but not mandatory.

Please download the latest version (1.1.3) here

https://github.com/TokelPlatform/tokel_dapp/releases

Sprint 10

Bugs
Activity is not always correct
Wallet always tried to show media if a token URL is present
DateTime issues resolved
Bug with blank screen resolved
Strange transactions shown to the user bug resolved
Returning the correct error when the user tries to send tokens to an R-address instead of a pubkey.
Fixed an issue with sending transactions with decimal values
nspv-js updated to include latest updates from dimxy

Features

Extra awesome

nspv-js updated to include latest updates from dimxy

Token Creation Tool first version for internal testing

Still in progress

https://discord.com/channels/774497890025472010/807859586568421377/912634958177263626

MANDATORY FULL NODE UPDATE

We kindly ask that everybody that is running a Tokel full node (including Notary Nodes), please update their nodes with the latest code. These updates are not hard forking changes, but they are required for nSPV to provide the information for our token wallet (and subsequent dapp features) to work correctly. Along with some nSPV changes, we have also enabled nodes to identify time-locked transactions, created customized tokeld and tokel-cli commands for people to use, and changed what were previously 'cc addresses' to 'cc index keys', meaning they will have a 'C' prefixing them instead of what was an 'R' and could be confused with a users coin address. A full list of updates can be found in GitHub and summarised below.

- added 'requestId' field into nSPV protocol v5 messages to provide multiple endpoints in the nSPV client app
- better error handling in nSPV protocol v5
- bitgo-kmd javascript library updated for nSPV protocol v5
- Build of customised tokeld, tokel-cli binaries (Tokel chain params are passed in configure)
- nspv maxrecords param added to listunspent, listtransactions
- missing cs_main locks fixed in nspv
- nspv rate limiter allows N req/sec
- new gettransactionsmany nspv method
- new C-prefix added for cc index keys (former 'cc addresses')
- added support for CLTV transactions to the daemon wallet and nSPV protocol

https://github.com/TokelPlatform/komodo/pull/21

If you need assistance setting-up or updating your node, please follow the first few steps in this how-to guide. If you have any issues, please let us know in the tokel-development channel

https://docs.tokel.io/guides/LaunchTheChain/

https://discord.com/channels/774497890025472010/807859586568421377/901089713962745986

Dear Tokel community,

Apologies for no dev updates in the past weeks. We ll stick to bi-weekly updates on Tuesdays now so everyone is in the loop. (next one is on 28th to align with our sprints)

>>>>>>>>>>>>>> PAST MONTH RECAP <<<<<<<<<<<<<<<<<<<<<<<

- We have published bitgo library under tokel org and we are working on it with Komodo team
- Komodo made updates to the komodo daemon for us in order for it to work with the new nspv implementation
- Token wallet visual implementation is under review.
- We have completely re-written our nspv logic.

That is a big one.

What does it mean?

We were using the original nspv C library created by jl777. We have moved on from that since the C version does not support Crypto Conditions which is necessary for token transactions.

We have now migrated to a JS implementation of Crypto Conditions Library written by dimxy, based off bitgo library. That is super cool!

Why is that cool and why should I care?

Having a working usable JS implementation in production is a massive step forward for Tokel and Komodo. That means we can create sdks for different purposes and attract more developers to use it because the entry barrier will get much lower than before.

A large proportion of developers use Javascript, meaning there is a big number of people out there who will be interested in using such an implementation for their applications.

PLUS! it's a super lightweight node that does not need to sync the entire blockchain. This opens the flood gates for many projects looking to utilize truly decentralized blockchain technology but who do not want to download and run an entire blockchain within their applications. This makes it super attractive.

The MORE PEOPLE USE IT = the MORE PEOPLE get interested IN TOKEL and the more people use KOMODO TECH = MORE SUCCESS in the whole Komodo ecosystem.

Didn't you say that this was ready a while ago?

I might have, I get very excited about things However it is hard to predict anything coz we are working with highly experimental tech and you never know how long this will take and what issues you will run into.

>>>>>>>>>>>>>> FUTURE PLAN <<<<<<<<<<<<<<<<<<<<<<<

- Rolling out 1 or maybe even 2 releases.
- Updating website with info on Finished IDO
- Workin on GUI updates with info on locked funds
- We are allocating some time to writing and testing the current version of the dapplication on multiple operating systems. We will also spend time evaluating designs and working through any issues that may arise post release
- Merging current PRs

The two releases are currently the priority. Any testing/troubleshooting/fixing of issues will be prioritised over future releases until we are happy to move on

https://discord.com/channels/774497890025472010/807859586568421377/889701784283643965

The Tokel Team would like to sincerely thank and congratulate everyone who participated in the IDO! The IDO has now officially come to an end.

This IDO was the very first to ever be conducted on the AtomicDEX application. As a Komodo ecosystem project, with many KMD ecosystem community members at our core, we would like to thank the Komodo team for facilitating this endeavor.

To everyone that is now a TKL holder, I congratulate you and hope that you are able to help the platform grow by using and showcasing what you can do with your TKL. The biggest thing one can do to assist the project is to create, trade, and actually utilize tokens on the Tokel blockchain. You are now, and will forever be a Tokel Early Adopter; those who ensured the continued development of the Tokel Platform.

The Tokel IDO statistics

TKL Sold 2,695,306 TKL

KMD Raised 722,837 KMD

KMD price at end of IDO $1.15 USD

USD Equivalent Raised $831,262

Tokel time-lock rewards plan

The Early Adopters that held TKL at the end of the IDO (8pm UTC on the 15th of September 2021), for every 1 TKL you held, you will receive an extra:

6.258 TKL total

3.129 unlocked on the 15th of June 2022
3.129 unlocked on the 15th of March 2023

Thanks again, The Tokel Team
#ToNFTandBeyond
#TokelizeEverything

https://discord.com/channels/774497890025472010/807859586568421377/888013827768193035

I'd like to thank everybody that participated in, and watched the very first Tokel Talk.

This is a must watch if you missed hearing it live!

https://youtu.be/CHQ7oou851k?t=605

We had an absolutely fantastic discussion on the future of tokenization. Hear from our special guests:

- Hashratez - Etho Protocol (BPSAA)
- Zullu NFT enthusiast from the Pirate Chain ($ARRR) community
- Andrew who is well versed in economic and public policy from the Pirate Party of Australia team, and
- Ejuliano, NutellaLicka & dreamTim from the Tokel Team.

Topics covered:

- What a token really is; Decentralized, ownership, authentication, identity.
- The problems with legal system accommodation
- The importance of decentralized, public blockchains; "Public blockchains are the neutral arbitrator of business" -HashRatez
- The problems with paper gold and rehypothecation
- Copyright/digital rights management issues that tokenization can help with - Business/enterprise adoption leading the effort to tokenize the world.

https://discord.com/channels/774497890025472010/807859586568421377/886569364785078292

We would like to share the details and specifics of the premine allocations, where they have gone, and what TKL has been time-locked to what time.

The Tokel premine was decided as a necessary function to secure funding for the project. Both to get it off the ground and to ensure future development. Many projects have suffered from a lack of proper development due to almost non-existent funding mechanisms; we did not want to fall into this trap. Tokel will give everybody, inexpensive access to create and utilise tokens, and all the token features on the Tokel blockchain. Although a fair launch, no premine, is noble in concept, it would have been prohibitive for any development in practice. To that end, the details are as listed below.

All allocations are set out within the Tokel paper and should be referred to as the primary reference.

Total premine: 100 million TKL

Of this total, the allocations are as follows.
Initial Adopters allocation (20 million TKL) - Timelocked until 1st of October 2021
Early Adopters allocation (20 million TKL) - IDO TKL, No timelock
Trading incentive/liquidity allocation (10 million TKL) - No timelock
Bounty/Incubation allocation (10 million TKL) - No timelock
Team allocation:
10 million TKL (Komodo Team allocation) - Timelocked until 1st of October 2021
30 million TKL (Tokel Team allocation) - Timelocked until 1st of February 2022

As you can see, the Initial Adopter and Team allocations have been timelocked and will only be accessible from the dates listed above. A time lock is a condition given to the transaction that disables the recipient from spending those funds until the time specified within the transaction. So although the funds may be in the recipient's address, as seen on the blockchain, they are unable to use or spend these until the specific date/time has passed.

Why did we do this? We made the decision to lock the team funds until the 1st of February 2022 as this aligns with our goal of releasing the feature complete All-In-One application. This provides an incentive to the team over time and will ensure future development efforts can continue to be made.

As always, if you have any questions, please join our discord and we would be happy to answer them. https://bitcointalk.org/index.php?topic=5352009.msg57814331#msg57814331

https://discord.com/channels/774497890025472010/807859586568421377/881680536404369408

Tokel will be conducting an airdrop onto Komodo holders.

A total of 8 million TKL will be airdropped onto KMD holders.

The snapshot for this airdrop will occur on a random day 1 week (7 days) prior to the start of the IDO (30th of August) and will be airdropped in October.

n order to participate in this airdrop, all you need to do is hold Komodo in your wallet at least 1 week prior to the IDO. If you do not have custody of your KMD (have the privkey to the address you hold funds in), it should be assumed that you will not have access to your airdropped TKL as we cannot guarantee 3rd party custodial holders will know about the airdrop, or pass it on to you.

We will inform the community once we have completed the airdrop. The airdropped TKL will go to the same address that you held KMD in at the time of the snapshot. All you need to do is open that address on the TKL blockchain and your TKL will be there. You can do this via any wallet application; Tokel App, AtomicDEX, CLI.

If you have any questions, please join the Tokel discord.

https://discord.com/channels/774497890025472010/807859586568421377/874608140920971324

Introducing the Tokel IDO on AtomicDEX

https://tokel.io/ido/

Tokel will be conducting an Initial Dex Offering (IDO) on the AtomicDEX (a decentralized, non-custodial exchange) application.

There will be a total of 20 million TKL listed on AtomicDEX, split over 2 phases. As anybody that conducts trades with TKL during the IDO will be considered an Early Adopter of the project, these TKL will come from the Early Adopter allocation as listed in the whitepaper.

The IDO will start at 8 pm UTC on August the 30th. It will run until all offers are filled or for roughly 16 days total, 2 days for Phase 1, 14 days for Phase 2.

Phase 1 - Price Discovery This phase of the IDO, as the name suggests, will facilitate a level of price discovery. 500k TKL will be separated into 50 orders of 10,000 TKL each. The orders will start at 1 TKL for 0.01 KMD to 0.402 KMD increasing in increments of 0.008 KMD per order. These orders will be available for a total of 48 hours. Following that time, the orders that haven't been filled will be removed, and the next phase will start.

Phase 2 - IDO In this phase, the remaining TKL (any left over from price discovery and the previously unlisted 19.5 million) will be listed on AtomicDEX at a single price. These TKL will be listed at 70% of the final Phase 1, price discovery, price. This order will remain available for 2 weeks or until the order is fully depleted. Shall the order not be fully depleted.

For more information, please check out our website, and read the bitcointalk post (it has all the details!) https://bitcointalk.org/index.php?topic=5352009.msg57630295#msg57630295

https://discord.com/channels/774497890025472010/807859586568421377/873174354739990538

Experience Crypto
© 2021 komodefi.com. Powered by Komodefi
chevron-down