Introducing the TokenPesa Network Initial DEX Offering
IDO could be said to be a direct evolution of the Initial Exchange Offering (IEO). In IEO, startups issue their project tokens on Launchpads run by centralized exchanges. However, Initial DEX Offerings are being conducted independently by token issuers on decentralized exchanges.
TokenPesa Network is a hybrid DeFi (decentralized finance) project that incorporates:
1. Wrapped KSH – a Multi-Agent Kenya Shilling stablecoin
2. TokenPesa DAO – a resilient decentralized autonomous organization (DAO)
3. PesaDEX – a hybrid decentralized exchange that swaps WKSH against multiple ERC20 tokens
TokenPesa DAO sits at the very core of the ecosystem by enabling decentralized WKSH governance and distribution through network agents. It’s a resilient DAO built on the DAOstack operating system with the TokenPesa DAO Token (TDAT) as the DAO native token.
The TokenPesa IDO will be done on EtherDelta (decentralized exchange).
TokenPesa DAO Token (TDAT) will be listed on EtherDelta on September 5, 2019. TDAT tokens amounting to 57% of the total supply will be offered during the IDO.
Total Supply = 42,000,000 TDAT
Bounty & Rewards = 1,000,000 TDAT
DAO Incentives = 10,000,000 TDAT
Company = 4,000,000 TDAT
Founders = 2,000,000 TDAT
Advisors = 1,000,000 TDAT
Available during IDO = 24,000,000 TDAT
However, to fully harness the novel DAOstack reputation-based blockchain governance system, TokenPesa DAO also implements reputation points utilized in proposal voting.
The initial TokenPesa DAO reputation (TDAT Reputation) will be given to TDAT holders with 2,000 TDAT or more. We’ll take the TDAT token holders screenshot at the end of the IDO (on Monday, 4th November 2019, 12pm GMT+3).