What is Tikitoken Finance (TIKI) | What is TIKI token

In this article, we’ll discuss information about the Tikitoken Finance project and TIKI token

MOAI Was launched on the 12th of June as the biggest BNB redistribution token and the only one with auto-claim feature. The launch was incredible and the feedback received was overwhelming. Within a few hours we hit 10M mcap and people realized that the auto-claiming was working and sending automatically BNB to each holder’s wallet.

But we discovered a technical flaw. One flaw that our paid audit did not discover. By the time we realized it was not possible to fix it, some people were using it already.

This technical flaw allowed some people to exploit our contract to control the BNB pool.

From then, we made an official announcement to the community and a big panic sell followed.

This was the end of MOAI and the beginning of our redemption, the beginning of TIKI.

The TIKI Whitepaper aims to educate readers on our vision, strategy and roadmap. Below we illustrate in detail our unique redistribution mechanism.

It’s an engineering achievement unheard of until now in the BSC ecosystem. We are happy to be the pioneers and are excited to showcase the new use cases that this will enable.

Safemoon was the one to bring awareness around RFI and HODL rewards. TIKI will carry the innovation torch forward. We will share our vision with the world: the first auto-claim BNB reward mechanism.

TIKI in a nutshell

TIKI is the next evolution of a yield-generating contract on the Binance Smart Chain (BSC): you get rewarded in BNB instead of tokens.

The token contract employs a static rewards system—15% of every transaction is split in two:

  • 10% BNB is redistributed to holders
  • 5% is used to fuel the liquidity pool exchange growth

In order to fully understand the BNB redistribution, we need to educate you on the reflection concept:

Classic redistribution

This is a concept that was popularized by Safemoon. The mechanism incentivizes token holders to hold in order to earn dividends from the transactions (buys and sells). Redistribution is based on percentage (in the contract), current token balance and number of holders.

TL; DR: You receive more tokens automatically.

BNB redistribution

Popularized by HODL and GhostFace, a transaction fee is applied to every single buy /sell order, tokens are then swapped in realtime for BNB and added to a POOL (similar to how liquidity pools work). Holders can then go to a website and manually claim the BNB earned at specific time (daily / weekly / etc…). The BNB they can collect are based on their token holdings % and the current pool size.

TL;DR: You hold, then go to the website and request your BNBs

TIKI redistribution

Claiming manually is unintuitive for a couple of reasons:

  • Need to connect your wallet manually to the website
  • Time constraints as you need to return frequently to manually claim your BNBs
  • Educating holders is complicated. It’s difficult for them to understand the value until they go through the full claiming experience. More difficult to market.

We created a unique system that auto-claims for every single holder the amount due. We call it the TIKI PROTOCOL.

The way it works for holders: You buy tokens and hold them, every 60 minutes you’ll automatically receive BNB in your wallet. Not a single action is required.

Your TIKI tokens amount is persistant and won’t change.

Behind the scenes:

  • The contract keeps track in an array of all token holders
  • The contract keeps an index into the array for processing
  • Every transaction processes a certain number of users, depending on the transaction size (bigger token transfers can process more, since the gas will still be proportionally less than the value of the tokens)
  • The token is based on a Dividend-Paying Token Standard, which means all BNB the contract gains will be split equally proportionally to the token holders.
  • When a user is processed, the contract checks how many withdrawable dividends they have, and if it is above the minimum threshold for auto-claims, will either automatically claim those dividends for BNB, or automatically buy back tokens for them.

This system is fully automated and doesn’t add minimal gas fees proportional to value transferred. The number of holders processed through each transaction is dynamic and based on transaction size. Holders will receive dividends from the queue based on their position in the array. It’s a fair system, fully automated. Minimum token balance is 10,000 Tiki tokens to receive BNB distributions.

What if I don’t want to wait?

We will set up a function on the contract for impatient holders so they can claim manually.

TIKI Launch

The protocol will be launched on Thursday 17th June, 2021 through one presale on BOUNCE.FINANCE.

  • Private + public presale

Presale will be launched on bounce.finance. The presale link will only be sent in the telegram group with a password.

The presale is split into two phases:

  • Private presale phase: For people who suffered a loss in V1, wallets will be whitelisted
  • Public presale phase: Everyone can participate

How does it work?

The first 600 entries in the presale will be booked for whitelisted wallets, then it becomes public automatically.

  • DEX public listing

Following the presale, TIKI tokens will become available for purchase on PancakeSwap Exchange.

Token Information (provisional)

Network: Binance Smart Chain (BEP-20)
Ticker: TIKI
Contract address: To be announced
Decimals: 9

🔆TOTAL SUPPLY : 1,000,000,000
🔆TEAM / PARTNER Allocation: 31,578,947 (3.1%)
🔆TOKENS FOR PRESALE : 488,372,093 (48.8%)
🔆 TOKENS FOR PANCAKE LISTING : 380,048,960 (38%)
🔆 TOKENS FOR AIRDROP (v1 loss): 50,000,000 (5%)
🔅 Hard Cap : 800BNB
🔅 Presale Rate : 610,465 per BNB
🔅 Min./Max. Contribution : 0.2BNB - 1BNB
🔅 Presale Time : 17/06 at 8PM (UTC)
🔅 Pancakeswap Listing Rate : 549,418
🔅 Liquidity Locked: 80% - Unlock Date : 6 months minimum

Security of TIKI

Locked Liquidity Initial liquidity will be locked for a minimum of 6 months to provide holders with peace of mind that the token can always be exchanged. A trusted 3rd party, DXSALE, will operate as the middle man to ensure that all raised liquidity is locked in a secure locker for the full timeframe.

Contract Audit Prior to Launch In an effort to increase transparency and ensure security, the team has purchased a top-tier audit with HASHEX. We’ll be able to ensure no vulnerabilities can be found such as:

  • Integer Overflow
  • Integer Underflow
  • Callstack Depth Attack
  • Timestamp Dependency
  • Parity Multisig Bug
  • Transaction-Ordering Dependency

The token contract is verified and available for viewing on bscscan.

Other features

Anti-Dump Logic Price protection features such as max tx on sells are included. Any transaction selling more than 0.1% of total supply will be rejected. This prevents massive one time sells that drastically alter the token price.

Extra 3% Sell fee Swing trading is a common practice that can affect price action. To incentivize holding and reducing pump/dump dynamics, we added an extra 3% sell fee on top of the initial 15% transaction fee.

Total sell fee = 18% (12% BNB redistribution + 6% Liquidity pool)

How and Where to Buy TIKI token?

TIKI token is now live on the Binance mainnet. The token address for TIKI is 0x9b76D1B12Ff738c113200EB043350022EBf12Ff0. Be cautious not to purchase any other token with a smart contract different from this one (as this can be easily faked). We strongly advise to be vigilant and stay safe throughout the launch. Don’t let the excitement get the best of you.

Just be sure you have enough BNB in your wallet to cover the transaction fees.

Join To Get BNB (Binance Coin)! ☞ CLICK HERE

You will have to first buy one of the major cryptocurrencies, usually either Bitcoin (BTC), Ethereum (ETH), Tether (USDT), Binance (BNB)…

We will use Binance Exchange here as it is one of the largest crypto exchanges that accept fiat deposits.

Once you finished the KYC process. You will be asked to add a payment method. Here you can either choose to provide a credit/debit card or use a bank transfer, and buy one of the major cryptocurrencies, usually either Bitcoin (BTC), Ethereum (ETH), Tether (USDT), Binance (BNB)…


Step by Step Guide : What is Binance | How to Create an account on Binance (Updated 2021)

Next step

You need a wallet address to Connect to Pancakeswap Decentralized Exchange, we use Metamask wallet

If you don’t have a Metamask wallet, read this article and follow the steps

What is Metamask wallet | How to Create a wallet and Use

Transfer $BNB to your new Metamask wallet from your existing wallet

Next step

Connect Metamask Wallet to Pancakeswap Decentralized Exchange and Buy, Swap TIKI token

Contract: 0x9b76D1B12Ff738c113200EB043350022EBf12Ff0

Read more: What is Pancakeswap | Beginner’s Guide on How to Use Pancakeswap

The top exchange for trading in TIKI token is currently Pancakeswap v2

Find more information TIKI

WebsiteExplorerSocial ChannelSocial Channel 2Social Channel 3Message BoardMessage Board 2DocumentationCoinmarketcap

🔺DISCLAIMER: The Information in the post isn’t financial advice, is intended FOR GENERAL INFORMATION PURPOSES ONLY. Trading Cryptocurrency is VERY risky. Make sure you understand these risks and that you are responsible for what you do with your money.

🔥 If you’re a beginner. I believe the article below will be useful to you ☞ What You Should Know Before Investing in Cryptocurrency - For Beginner

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I hope this post will help you. Don’t forget to leave a like, comment and sharing it with others. Thank you!

#blockchain #bitcoin #tiki #tikitoken finance

What is Tikitoken Finance (TIKI) | What is TIKI token
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