$TALE
Last updated
Last updated
The native cryptographically-secure fungible protocol token of TaleX (ticker symbol $TALE) is a transferable representation of attributed utility functions specified in the protocol of TaleX, and which is designed to be used solely as an interoperable utility token thereon.
$TALE is a functional multi-utility token which will be used as a unit of account and economic incentive which will be distributed to encourage users to exert efforts towards contribution and participation in the ecosystem on TaleX, thereby creating a mutually beneficial system where every participant is fairly compensated for its efforts. $TALE is an integral and indispensable part of TaleX, because without $TALE, there would be no incentive for users to expend resources to participate in activities or provide services for the benefit of the ecosystem. Given that additional $TALE will be awarded to a user based only on its actual usage, activity and efforts made on TaleX and/or proportionate to the frequency and volume of transactions, users of TaleX and/or holders of $TALE which did not actively participate will not receive any $TALE incentives.
$TALE does not in any way represent any shareholding, ownership, participation, right, title, or interest in the Company, the Distributor, their respective affiliates, or any other company, enterprise or undertaking, nor will $TALE entitle token holders to any promise of fees, dividends, revenue, profits or investment returns, and are not intended to constitute securities in the British Virgin Islands, Singapore or any relevant jurisdiction. $TALE may only be utilized on TaleX, and ownership of the same carries no rights, express or implied, other than the right to use $TALE as a means to enable usage of and interaction within TaleX. The secondary market pricing of $TALE is not dependent on the effort of the TaleX team, and there is no token functionality or scheme designed to control or manipulate such secondary pricing.
For the avoidance of doubt, neither the Company nor the Distributor deals in, or is in the business of buying or selling any virtual asset or digital payment token (including $TALE). Any sale or distribution of tokens would be performed during a restricted initial period solely for the purpose of obtaining project development funds, raising market/brand awareness, as well as community building and social engagement; this is not conducted with any element of repetitiveness or regularity which would constitute a business.
$TALE token adopts a Consume-to-Earn mechanism, similar to popular content tokens. After the Token Generation Event (TGE), all users who pay for content on TaleX platform or otherwise transact/interact with the platform will receive $TALE rewards based on their spending and interactions.
The core utility of the token is:
100% of platform revenue will also be injected into the $TALE liquidity pool, allowing token holders to benefit from platform growth. To develop a self-sustainable, closed-loop economy, 100% of the platform revenue would be:
Allocated towards $TALE liquidity pool to facilitate stability and ensure that users would be able to trade $TALE for usage and ecosystem
Allocated towards incentives for active contributors interacting within the ecosystem
Budget usage will follow a transparent monthly withdrawal model, where operational expenses are gradually drawn from the liquidity pool to ensure sustainability and trust.
With a total supply of X tokens, $TALE has been carefully distributed to ensure long term sustainability and fair governance. There are future plans for $TALE to function as a governance token, allowing token holders to participate in decisions regarding protocol parameters.
More details coming soon.
