Furthermore Tokel aims to provide a wealth of knowledge, information and assistance for open-sourced applications, projects and businesses looking to capitalize on token economics or token applications. The Tokel platform will provide simple to use, streamlined token creation, explorer and wallet integration, decentralized exchange integration assistance and more.
#What Tokel aims to offer
• The blockchain that facilitates the tokens.
• An open-sourced all-in-one GUI application.
• A tokenDEX for all tokens on Tokel.
• An NFT marketplace for NFTs on Tokel.
• A free-to-use token test blockchain.
• Easy to use integrations
• Easy to use token creation, usage and management tools.
• Immediate token explorer integration.
• Immediate token wallet integration.
• Open source Discord bot integration.
#The benefits of creating a token on the Tokel blockchain
• There are no requirements to create and manage your own blockchain.
• Free, simple to use GUI for token usage, management and creation.
• Extremely cheap token creation and transaction fees (1 satoshi of TKL per token created and 0.0001 TKL txfee by default).
• Free to use TKLTEST chain for any token or custom consensus testing prior to launch or integration.
• Your token will have immediate token wallet integration.
• Your token will have immediate token explorer integration.
• Your token is safe from 51% attacks as Tokel is secured through dPoW.
• You will have the ability to sell your tokens immediately after creation with Tokel’s inbuilt tokenDEX and NFT marketplace integration.
• Tokel exchange partnerships mean your token will have a centralized exchange listing option. The exchanges are only required to run the Tokel chain to access every single token on it.
#The Tokel Application
The all-in-one Tokel application is an open-sourced application that will be the one stop shop for all Tokel related features. This application is built using nSPV superlite wallet technology that has been developed by the Komodo platform, for an incredibly fast and reliable experience. This application accesses all of the features offered on the Tokel blockchain whilst keeping users funds in their own wallets (completely non-custodial).
This application is in development. You can keep up with progress on the github, or find out more by having a chat in our discord. https://github.com/TokelPlatform/tokel_app
Application features include
• A TKL coin wallet
• A multi-token wallet (you are able to hold all tokens that are in existence on the Tokel blockchain)
• A tokenDEX trading platform
• A decentralized NFT marketplace
• A simple to use Token creation tool
• A token explorer for all tokens on the Tokel blockchain
List of Tokel Platform Technologies
• Delayed Proof of Work (dPoW) (opens new window)- Bitcoin hashrate level protection. An additional security layer that protects from 51% attacks by notarizing Tokels hash onto Komodo's chain, then on to the Bitcoin blockchain.
• Tokens (opens new window)/Assets (opens new window)Technology - Create your own tokens or non-fungible tokens (NFTs) and trade them immediately on-chain with the assets based tokenDEX.
#Tokel Blockchain Specifics
Documentation on how to launch & run the Tokel blockchain (CLI).(opens new window)
• Max Supply: Approximately 200.25 million TKL
• Block Time: 60 seconds
• Starting Block Reward (Era 1): 1 TKL (for 8 weeks)
• Block reward after 8 weeks: 42.5 TKL
• Block reward reduction time period: Every 525600 blocks following • • Era 1 (roughly every year)
• Reduction amount: 23%
• Mining Algorithm: Equihash - Proof of Work - Secured by dPoW
• Specific coin emission broken down in the whitepape
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