Komodo has partnered with Tokel to build a full-featured NFT platform for the Komodo ecosystem.
What Is Tokel?
As outlined in the Tokel whitepaper, Tokel is a community project that will use Komodo technologies to provide a solid foundation for token projects to offer end-to-end token solutions for fixed supply and non-fungible tokens (NFTs). 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 streamlined token creation, explorer and wallet integration, decentralized exchange integration assistance, and more.
About The Partnership
What this partnership brings to the table is a mutual understanding and agreement towards further collaboration and continued development of both the blockchain technology stack that is within Komodo, and the decentralized applications that are being built on top of it.
Here is a non-exhaustive list of benefits this partnership brings to both Tokel Platform and Komodo Platform.
Tokel Platform Benefits
- Tokel will be an exclusively supported and endorsed NFT/token platform built on top of Komodo technology.
- Continued higher level two-way discussions with members of the Komodo team. This may include, but is not limited to, discussing project direction, onboarding, organic growth strategies, development direction, and other general strategy guidance.
- Initial DEX Offering (IDO) on AtomicDEX and associated marketing efforts.
- AtomicDEX integrating the Tokel smart chain for a token DEX/NFT marketplace (an NFT marketplace within AtomicDEX that is "Powered by Tokel").
- The ability to re-brand and update the AtomicDEX mobile application to incorporate Tokel's token wallet, tokenDEX & NFT marketplace.
- Ongoing partnership marketing/PR assistance.
- Development assistance: A dedicated developer to further enhance and create Komodo UTXO smart contracts & blockchain technology specifically for the Tokel project, that will be open sourced and kept within the Komodo tech stack for all Komodo Platform users to have available.
Komodo Platform Benefits
- An organic, dedicated token platform within the ecosystem that showcases the Komodo tech stack.
- Ongoing token, CC & nSPV related development that is kept within the Komodo tech stack.
- The onboarding and funneling of people that are interested in token technologies into the Komodo ecosystem, further increasing network effect.
- The ability to integrate an ecosystem token/NFT platform into AtomicDEX (further showcasing and solidifying Komodo as a platform and solid ecosystem for projects to build within).
- Continued higher level two-way discussions with members of the Tokel team. This may include, but is not limited to, discussing project direction, onboarding, organic growth strategies, development direction, and other general strategy guidance.
- 10 million TOKEL coins for the Komodo team to assist with development and ongoing support. This allocation will come directly out of the Tokel Team pre-mine allocation (all pre-mine tokens will be time-locked until post-IDO).
- A Tokel airdrop to KMD holders organized by Tokel Team post IDO.
Tokel Interview | Bringing NFTs to the Komodo Ecosystem
If you'd like to learn more about blockchain technology and keep up with Komodo's progress, subscribe to our newsletter. Begin your blockchain journey with Komodo today.